D.R. Horton (NYSE:DHI) Given New $150.00 Price Target at Citigroup

Key Points

• Citigroup lowered D.R. Horton’s price target from $160 to $150 while maintaining a neutral rating, implying 7.86% upside from the prior close.
• Analyst sentiment remains mixed but leans toward a consensus “Hold” rating; the average price target is $156.71, with targets ranging from $130 to $182.
• D.R. Horton shares rose 4.1% to $139.07, while the company’s latest quarterly results exceeded expectations, reporting $3.20 in earnings per share versus the $3.02 consensus estimate.

D.R. Horton (NYSE:DHI - Get Free Report) had its target price lowered by investment analysts at Citigroup from $160.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the construction company's stock. Citigroup's price objective suggests a potential upside of 7.86% from the stock's previous close.

Several other research analysts have also weighed in on the company. Evercore set a $166.00 target price on D.R. Horton in a research report on Friday, September 25th. Barclays lowered their price target on D.R. Horton from $141.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. BTIG Research restated a "buy" rating and issued a $174.00 price objective on shares of D.R. Horton in a report on Tuesday, September 22nd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $182.00 price objective on shares of D.R. Horton in a research report on Monday. Finally, Morgan Stanley started coverage on shares of D.R. Horton in a research note on Thursday, October 1st. They issued an "equal weight" rating and a $151.00 target price for the company. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $156.71.

D.R. Horton Stock Up 4.1%

D.R. Horton stock traded up $5.43 during mid-day trading on Thursday, hitting $139.07. The company's stock had a trading volume of 1,279,095 shares, compared to its average volume of 2,691,905. The firm's 50 day moving average is $141.93 and its 200 day moving average is $146.43. The company has a market cap of $38.90 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. D.R. Horton has a 52-week low of $130.40 and a 52-week high of $170.79.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the company posted $3.36 EPS. D.R. Horton's revenue was up .0% on a year-over-year basis. On average, analysts anticipate that D.R. Horton will post 10.43 earnings per share for the current year.

Institutional Trading of D.R. Horton

Several hedge funds have recently added to or reduced their stakes in DHI. Caitlin John LLC bought a new position in D.R. Horton in the 2nd quarter worth approximately $25,000. Fiduciary Financial Advisors bought a new position in D.R. Horton in the 2nd quarter valued at $25,000. Osbon Capital Management LLC bought a new position in D.R. Horton in the 4th quarter valued at $26,000. Bell Investment Advisors Inc bought a new position in D.R. Horton in the 2nd quarter valued at $32,000. Finally, Compass Financial Management LLC acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at $31,000. Institutional investors own 90.63% of the company's stock.

About D.R. Horton

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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