Wells Fargo & Company Cuts D.R. Horton (NYSE:DHI) Price Target to $155.00

D.R. Horton (NYSE:DHI) had its target price dropped by equities research analysts at Wells Fargo & Company from $170.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 5.74% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. UBS Group lifted their price target on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Truist Financial increased their price target on shares of D.R. Horton from $140.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. BTIG Research set a $184.00 target price on D.R. Horton in a research report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $166.92.

D.R. Horton Stock Performance

D.R. Horton stock opened at $146.58 on Tuesday. The company has a market cap of $41.00 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.27 and a beta of 1.36. D.R. Horton has a 12 month low of $131.75 and a 12 month high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The stock’s 50-day moving average is $151.54 and its 200-day moving average is $150.21.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.36 EPS. Equities analysts anticipate that D.R. Horton will post 10.47 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds have recently made changes to their positions in the business. Regent Peak Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the second quarter worth $283,000. Tema ETFs LLC grew its holdings in shares of D.R. Horton by 7.3% during the second quarter. Tema ETFs LLC now owns 4,283 shares of the construction company’s stock valued at $698,000 after buying an additional 290 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in D.R. Horton by 9.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 97,777 shares of the construction company’s stock worth $15,926,000 after acquiring an additional 8,497 shares in the last quarter. Everpar Advisors LLC purchased a new position in D.R. Horton during the 2nd quarter valued at about $214,000. Finally, Chemistry Wealth Management LLC lifted its position in shares of D.R. Horton by 3.0% in the second quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company’s stock worth $505,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.