Barclays Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price target lowered by investment analysts at Barclays from $129.00 to $128.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price suggests a potential downside of 11.09% from the company’s current price.

Several other equities analysts also recently commented on DHI. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research note on Tuesday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average target price of $159.87.

D.R. Horton Trading Up 5.0%

NYSE DHI traded up $6.90 during trading on Wednesday, hitting $143.97. The stock had a trading volume of 1,306,065 shares, compared to its average volume of 3,049,571. The company has a market capitalization of $41.71 billion, a PE ratio of 13.04, a PEG ratio of 2.17 and a beta of 1.44. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $149.75 and a 200 day moving average price of $152.06. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.D.R. Horton’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 EPS. As a group, equities research analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at approximately $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors boosted its holdings in D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. State Street Corp boosted its holdings in D.R. Horton by 0.7% in the second quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock valued at $1,629,067,000 after purchasing an additional 92,219 shares in the last quarter. Capital Research Global Investors boosted its holdings in D.R. Horton by 0.3% in the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after purchasing an additional 13,155 shares in the last quarter. Norges Bank acquired a new position in D.R. Horton in the fourth quarter valued at approximately $649,305,000. Finally, Morgan Stanley boosted its holdings in D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.