Barclays Lowers D.R. Horton (NYSE:DHI) Price Target to $168.00

D.R. Horton (NYSE:DHI) had its price objective dropped by Barclays from $176.00 to $168.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 9.28% from the stock’s previous close.

A number of other equities analysts also recently issued reports on DHI. Jefferies Financial Group increased their target price on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Bank of America reduced their target price on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group upped their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Wedbush reissued an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a report on Thursday, April 18th. Finally, BTIG Research lowered their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.25.

D.R. Horton Stock Up 2.7 %

D.R. Horton stock opened at $153.74 on Friday. The stock has a market capitalization of $50.63 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.74 and a beta of 1.71. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $143.97 and a two-hundred day moving average of $147.88. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period last year, the firm posted $2.73 EPS. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts expect that D.R. Horton will post 14.29 earnings per share for the current year.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DHI. Silver Oak Securities Incorporated purchased a new position in D.R. Horton during the third quarter worth approximately $43,000. Public Sector Pension Investment Board boosted its holdings in D.R. Horton by 9.7% in the third quarter. Public Sector Pension Investment Board now owns 32,614 shares of the construction company’s stock valued at $3,505,000 after acquiring an additional 2,893 shares during the last quarter. American Century Companies Inc. grew its position in D.R. Horton by 11.9% during the third quarter. American Century Companies Inc. now owns 136,067 shares of the construction company’s stock valued at $14,623,000 after acquiring an additional 14,439 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in D.R. Horton by 49.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 7,539 shares of the construction company’s stock worth $810,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $511,000. 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.