D.R. Horton (NYSE:DHI) Price Target Cut to $141.00

D.R. Horton (NYSE:DHI) had its price objective lowered by analysts at Royal Bank of Canada from $142.00 to $141.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “underperform” rating on the construction company’s stock. Royal Bank of Canada’s target price would suggest a potential downside of 1.44% from the stock’s previous close.

A number of other research firms also recently weighed in on DHI. Keefe, Bruyette & Woods reduced their price target on 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. Bank of America dropped their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday. Barclays reduced their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday. Finally, BTIG Research reduced their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.82 during trading on Friday, reaching $143.06. The company’s stock had a trading volume of 1,469,543 shares, compared to its average volume of 2,554,378. The stock has a 50-day moving average price of $151.97 and a two-hundred day moving average price of $138.42. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The stock has a market capitalization of $47.47 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 EPS. As a group, sell-side analysts anticipate that D.R. Horton will post 14.24 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 completion of 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 SEC, which is available through this link. Also, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,197 shares of company stock worth $4,225,745. Company insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently made changes to their positions in DHI. Fairfield Bush & CO. bought a new stake in shares of D.R. Horton during the first quarter valued at approximately $28,000. American Century Companies Inc. increased 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 acquiring an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. increased 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 acquiring an additional 973 shares in the last quarter. Sei Investments Co. increased 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 acquiring an additional 52,320 shares in the last quarter. Finally, Prudential PLC purchased a new stake in D.R. Horton in the first quarter worth approximately $560,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.