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

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

A number of other research firms have also issued reports on DHI. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Bank of America decreased their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday. Keefe, Bruyette & Woods cut their target price 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. Raymond James raised their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Citigroup raised their target price on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Down 1.9 %

Shares of NYSE DHI traded down $2.82 during mid-day trading on Friday, reaching $143.06. 1,469,543 shares of the company traded hands, compared to its average volume of 2,554,378. The stock has a market cap of $47.47 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company’s fifty day moving average is $151.97 and its two-hundred day moving average is $138.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates 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 revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. On average, analysts expect that D.R. Horton will post 14.24 earnings per share for the current year.

Insider Activity

In related news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now owns 5,650 shares in the company, valued at $844,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 over the last three months. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC increased its stake in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after purchasing an additional 3,489 shares during the last quarter. Voss Capital LLC acquired a new position in D.R. Horton during the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC raised its position in shares of D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth about $218,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of D.R. Horton by 43.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock worth $2,228,000 after acquiring an additional 6,272 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

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.