Barclays Lowers D.R. Horton (NYSE:DHI) Price Target to $120.00

D.R. Horton (NYSE:DHI) had its target price dropped by equities researchers at Barclays from $145.00 to $120.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential downside of 0.92% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. 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. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, Citigroup dropped 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 research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $169.14.

D.R. Horton Trading Up 5.2 %

Shares of DHI stock opened at $121.12 on Tuesday. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market cap of $38.17 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.54 and a beta of 1.61. The business has a fifty day simple moving average of $128.46 and a 200-day simple moving average of $150.39. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently made changes to their positions in the business. Sentry Investment Management LLC acquired a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $112,000. Fulton Bank N.A. raised its position in shares of D.R. Horton by 22.6% during the 1st quarter. Fulton Bank N.A. now owns 23,770 shares of the construction company’s stock valued at $3,022,000 after acquiring an additional 4,387 shares in the last quarter. Merit Financial Group LLC raised its position in shares of D.R. Horton by 99.2% during the 1st quarter. Merit Financial Group LLC now owns 6,398 shares of the construction company’s stock valued at $813,000 after acquiring an additional 3,186 shares in the last quarter. Baxter Bros Inc. raised its position in shares of D.R. Horton by 12.2% during the 1st quarter. Baxter Bros Inc. now owns 19,094 shares of the construction company’s stock valued at $2,427,000 after acquiring an additional 2,080 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of D.R. Horton during the 1st quarter valued at approximately $114,000. 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.