Barclays Lowers D.R. Horton (NYSE:DHI) Price Target to $145.00

D.R. Horton (NYSE:DHI) had its price target reduced by equities researchers at Barclays from $150.00 to $145.00 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 points to a potential downside of 0.17% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada lowered their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. UBS Group dropped their price objective on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group reduced their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $145.25 on Wednesday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market cap of $46.60 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75. The company has a 50 day moving average of $150.81 and a 200-day moving average of $169.01. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter last year, the business posted $2.82 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton will post 13.97 earnings per share for the current fiscal year.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

A number of large investors have recently bought and sold shares of the business. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC lifted its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the period. Geode Capital Management LLC boosted its holdings in shares of D.R. Horton by 0.3% during the 3rd 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 in the last quarter. Smead Capital Management Inc. grew its position in shares of D.R. Horton by 3.5% during the 3rd 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 period. Finally, Earnest Partners LLC lifted its position in shares of D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after acquiring an additional 9,137 shares during the period. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.