D.R. Horton (NYSE:DHI) PT Lowered to $176.00

D.R. Horton (NYSE:DHI) had its price target reduced by investment analysts at Barclays from $186.00 to $176.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target indicates a potential upside of 23.78% from the company’s current price.

Several other research firms have also recently weighed in on DHI. BTIG Research decreased their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Wedbush reiterated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday. JMP Securities increased their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Finally, UBS Group increased their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

DHI stock opened at $142.19 on Friday. The company has a fifty day moving average price of $151.91 and a 200-day moving average price of $138.92. The company has a market capitalization of $47.18 billion, a P/E ratio of 9.68, a PEG ratio of 0.72 and a beta of 1.64. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 earnings per share. As a group, equities analysts expect that D.R. Horton will post 14.23 EPS for the current year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,197 shares of company stock valued at $4,225,745. Corporate insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DHI. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the first quarter valued at about $28,000. American Century Companies Inc. lifted its position in shares of D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after purchasing an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of D.R. Horton by 10.7% during the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after purchasing an additional 973 shares in the last quarter. Sei Investments Co. lifted its position in shares of D.R. Horton by 21.1% during the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after purchasing an additional 52,320 shares in the last quarter. Finally, Prudential PLC bought a new position in shares of D.R. Horton during the first quarter valued at about $560,000. 90.63% of the stock is owned by institutional investors.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.