D.R. Horton (NYSE:DHI) Price Target Lowered to $203.00 at UBS Group

D.R. Horton (NYSE:DHI) had its price target cut by stock analysts at UBS Group from $214.00 to $203.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s target price would indicate a potential upside of 45.03% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Citigroup cut their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Barclays reaffirmed an “equal weight” rating and set a $170.00 target price (down from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Finally, Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $176.67.

D.R. Horton Stock Up 1.5 %

Shares of DHI opened at $139.97 on Wednesday. The company has a market capitalization of $44.91 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85. The stock’s 50-day moving average price is $155.00 and its 200-day moving average price is $168.46. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.45 EPS. On average, sell-side analysts predict that D.R. Horton will post 14.17 EPS for the current year.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

Several hedge funds have recently made changes to their positions in DHI. KBC Group NV lifted its holdings in D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new stake in D.R. Horton in the third quarter valued at $4,220,000. Toronto Dominion Bank lifted its stake in shares of D.R. Horton by 17.3% in the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares during the last quarter. Pensionfund Sabic grew its holdings in shares of D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 4,000 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after purchasing an additional 36,780 shares during the period. Hedge funds and other institutional investors 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.