Barclays Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price target lowered by Barclays from $170.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective would indicate a potential upside of 1.47% from the company’s current price.

Several other analysts have also commented on DHI. Royal Bank of Canada dropped their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a research report on Wednesday, October 30th. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Citigroup reduced their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, BTIG Research reduced their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Price Performance

NYSE DHI opened at $147.83 on Thursday. The firm’s fifty day simple moving average is $151.85 and its two-hundred day simple moving average is $168.56. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The firm has a market capitalization of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business earned $4.45 EPS. The business’s revenue was down 4.7% on a year-over-year basis. Analysts forecast that D.R. Horton will post 14.03 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in the stock. Secure Asset Management LLC boosted its position in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after buying an additional 84 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in D.R. Horton during the fourth quarter worth approximately $236,000. True North Advisors LLC acquired a new stake in D.R. Horton during the fourth quarter worth about $3,229,000. SG Americas Securities LLC grew its stake in D.R. Horton by 215.8% during the fourth quarter. SG Americas Securities LLC now owns 47,984 shares of the construction company’s stock worth $6,709,000 after buying an additional 32,791 shares during the period. Finally, Paradiem LLC lifted its stake in shares of D.R. Horton by 36.5% during the fourth quarter. Paradiem LLC now owns 43,346 shares of the construction company’s stock worth $6,061,000 after purchasing an additional 11,584 shares in the last quarter. 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.