The Goldman Sachs Group Lowers D.R. Horton (NYSE:DHI) Price Target to $150.00

D.R. Horton (NYSE:DHI) had its price target decreased by The Goldman Sachs Group from $173.00 to $150.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 23.97% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Barclays lowered their price objective on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Seaport Res Ptn raised shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wells Fargo & Company reduced their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Saturday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $162.21.

D.R. Horton Price Performance

DHI traded up $3.45 on Tuesday, hitting $120.99. 5,075,406 shares of the company’s stock traded hands, compared to its average volume of 3,812,100. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a market cap of $38.13 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.54 and a beta of 1.61. The company’s 50 day simple moving average is $126.77 and its 200-day simple moving average is $148.24. D.R. Horton has a one year low of $110.44 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the company earned $3.52 earnings per share. As a group, research analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

Institutional Trading of D.R. Horton

Large investors have recently bought and sold shares of the stock. Nemes Rush Group LLC grew its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton raised its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $38,000. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the fourth quarter valued at approximately $43,000. 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.