Barclays Reiterates “Equal Weight” Rating for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI)‘s stock had its “equal weight” rating restated by stock analysts at Barclays in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a $170.00 price objective on the construction company’s stock, down from their prior price objective of $192.00. Barclays‘s price target points to a potential upside of 12.43% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $182.73.

D.R. Horton Price Performance

D.R. Horton stock opened at $151.21 on Wednesday. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The stock has a market cap of $48.56 billion, a P/E ratio of 10.58, a PEG ratio of 0.58 and a beta of 1.71. The company has a 50-day moving average price of $172.49 and a 200 day moving average price of $168.86. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that D.R. Horton will post 14.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.74% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC grew its holdings in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Smead Capital Management Inc. grew its holdings in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after buying an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after buying an additional 9,137 shares during the last quarter. Institutional investors and hedge funds 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.