Keefe, Bruyette & Woods Lowers D.R. Horton (NYSE:DHI) Price Target to $160.00

D.R. Horton (NYSE:DHI) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $167.00 to $160.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.81% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Truist Financial cut their price objective on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Barclays boosted their price target on D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Wells Fargo & Company decreased their price objective on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. BTIG Research reaffirmed a “buy” rating and set a $174.00 price target on shares of D.R. Horton in a research note on Tuesday. Finally, Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and a consensus price target of $163.83.

D.R. Horton Trading Up 1.9%

Shares of DHI stock traded up $2.58 on Tuesday, hitting $141.83. The stock had a trading volume of 416,475 shares, compared to its average volume of 2,653,145. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton has a twelve month low of $131.75 and a twelve month high of $176.22. The company has a fifty day moving average price of $145.47 and a two-hundred day moving average price of $146.99. The firm has a market cap of $39.67 billion, a P/E ratio of 13.50, a PEG ratio of 2.19 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the business posted $3.36 EPS. The firm’s revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that D.R. Horton will post 10.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of the company. Deseret Mutual Benefit Administrators raised its stake in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock valued at $103,000 after purchasing an additional 71 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of D.R. Horton by 27.9% in the first quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after buying an additional 72 shares during the last quarter. AdvisorShares Investments LLC raised its position in shares of D.R. Horton by 2.4% in the fourth quarter. AdvisorShares Investments LLC now owns 3,336 shares of the construction company’s stock valued at $480,000 after buying an additional 77 shares during the last quarter. Studio Investment Management LLC lifted its stake in shares of D.R. Horton by 0.3% during the fourth quarter. Studio Investment Management LLC now owns 23,083 shares of the construction company’s stock valued at $3,325,000 after buying an additional 79 shares during the period. Finally, Values First Advisors Inc. grew its stake in D.R. Horton by 1.6% in the 1st quarter. Values First Advisors Inc. now owns 5,151 shares of the construction company’s stock worth $707,000 after acquiring an additional 80 shares during the period. 90.63% of the stock is owned by institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.