D.R. Horton (NYSE:DHI) Rating Lowered to Neutral at Citigroup

D.R. Horton (NYSE:DHI) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. They currently have a $156.00 price objective on the construction company’s stock, down from their prior price objective of $181.00. Citigroup’s price objective would indicate a potential upside of 13.84% from the company’s current price.

DHI has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. Bank of America decreased their price objective 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 raised their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Jefferies Financial Group boosted their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Finally, Wedbush reaffirmed an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $156.75.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $137.04 on Tuesday. The firm has a market capitalization of $45.13 billion, a P/E ratio of 9.33, a PEG ratio of 0.70 and a beta of 1.71. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $145.10 and a 200 day moving average price of $148.62.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.73 EPS. Sell-side analysts expect that D.R. Horton will post 14.26 EPS for the current year.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now 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 can be accessed through this link. In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter worth about $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at about $29,000. Riverview Trust Co purchased a new position in shares of D.R. Horton in the 1st quarter valued at about $30,000. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the fourth quarter worth about $38,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth approximately $42,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.