Citigroup Forecasts Strong Price Appreciation for D.R. Horton (NYSE:DHI) Stock

Key Points

• Citigroup raised D.R. Horton’s price target from $150 to $152 while maintaining a “neutral” rating, implying roughly 0.57% downside from the prior close.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating, with five Buys, 12 Holds and three Sells, and an average price target of $152.73.
• D.R. Horton shares rose to $152.87, but the company recently missed quarterly EPS expectations despite exceeding revenue estimates; year-over-year revenue declined 3.2%.

D.R. Horton (NYSE:DHI - Get Free Report) had its target price hoisted by analysts at Citigroup from $150.00 to $152.00 in a report issued on Monday, Benzinga reports. The firm currently has a "neutral" rating on the construction company's stock. Citigroup's price objective indicates a potential downside of 0.57% from the stock's previous close.

DHI has been the subject of a number of other research reports. The Goldman Sachs Group restated a "buy" rating and issued a $182.00 target price (down from $190.00) on shares of D.R. Horton in a research report on Monday, October 12th. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $145.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, October 16th. Bank of America decreased their price target on shares of D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $160.00 to $152.00 in a report on Thursday, October 22nd. Finally, Royal Bank Of Canada cut their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an "underperform" rating for the company in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $152.73.

D.R. Horton Price Performance

DHI traded up $6.87 on Monday, reaching $152.87. The company had a trading volume of 1,076,107 shares, compared to its average volume of 2,721,582. D.R. Horton has a 52-week low of $130.40 and a 52-week high of $170.79. The company has a market cap of $42.76 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01. The business has a 50 day simple moving average of $140.76 and a 200 day simple moving average of $147.70.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company had revenue of $9.37 billion during the quarter, compared to analysts' expectations of $9.07 billion. During the same quarter last year, the firm posted $3.04 earnings per share. The firm's revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton will post 11.35 EPS for the current year.

Institutional Trading of D.R. Horton

Several large investors have recently modified their holdings of DHI. Cornerstone Planning Group LLC increased its stake in shares of D.R. Horton by 27.9% during 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 period. William Allan Corp increased its position in shares of D.R. Horton by 0.3% during the third quarter. William Allan Corp now owns 27,548 shares of the construction company's stock valued at $3,764,000 after buying an additional 77 shares during the period. GC Wealth Management RIA LLC lifted its stake in shares of D.R. Horton by 0.7% in the 1st quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company's stock valued at $1,571,000 after purchasing an additional 81 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of D.R. Horton by 3.0% during the 2nd quarter. Chemistry Wealth Management LLC now owns 3,098 shares of the construction company's stock valued at $505,000 after buying an additional 91 shares in the last quarter. Finally, Premier Path Wealth Partners LLC boosted its stake in D.R. Horton by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 6,618 shares of the construction company's stock worth $1,078,000 after acquiring an additional 91 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company's operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.

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