BTIG Research Lowers D.R. Horton (NYSE:DHI) Price Target to $169.00

D.R. Horton (NYSE:DHI) had its target price decreased by analysts at BTIG Research from $174.00 to $169.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. BTIG Research’s price target indicates a potential upside of 15.96% from the stock’s current price.

Other analysts also recently issued reports about the company. UBS Group raised their target price on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Wedbush downgraded D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price for the company. in a research note on Tuesday, April 2nd. Seaport Res Ptn downgraded D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Raymond James lifted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Barclays lifted their price target on D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $154.00.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $145.74 on Tuesday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $151.94 and a two-hundred day moving average price of $138.37. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a market cap of $48.36 billion, a P/E ratio of 10.48, a PEG ratio of 0.74 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.76 earnings per share. As a group, analysts anticipate that D.R. Horton will post 14.24 EPS for the current year.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $809,419. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following 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 27,197 shares of company stock worth $4,225,745 in the last 90 days. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $27,000. Riverview Trust Co bought a new position in shares of D.R. Horton in the first quarter worth $30,000. Oakworth Capital Inc. bought a new position in shares of D.R. Horton in the fourth quarter worth $38,000. BOKF NA increased its holdings in shares of D.R. Horton by 873.1% in the fourth quarter. BOKF NA now owns 253 shares of the construction company’s stock worth $38,000 after purchasing an additional 227 shares during the period. Finally, Private Wealth Management Group LLC bought a new position in shares of D.R. Horton in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.