D.R. Horton (NYSE:DHI) Price Target Cut to $160.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods lowered D.R. Horton’s price target from $167 to $160 while maintaining a “market perform” rating, implying approximately 12.8% upside from the stock’s $141.83 price.
• Analyst sentiment remains cautious: D.R. Horton has an overall “Hold” consensus rating, with five Buy ratings and ten Holds, and an average price target of $163.83.
• D.R. Horton beat quarterly expectations, reporting $3.20 in EPS versus the $3.02 consensus and $9.23 billion in revenue versus $9.10 billion expected; institutional investors own 90.63% of the stock.

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $167.00 to $160.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "market perform" rating on the construction company's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 12.81% from the stock's current price.

Other equities research analysts have also issued reports about the company. Barclays upped their price objective on D.R. Horton from $140.00 to $141.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. Wells Fargo & Company cut their price target on shares of 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. Truist Financial decreased 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 note on Wednesday, September 16th. Zelman & Associates upgraded shares of D.R. Horton from a "neutral" rating to an "outperform" rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered D.R. Horton from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and a consensus price target of $163.83.

D.R. Horton Stock Performance

Shares of DHI stock traded up $2.58 during trading hours on Tuesday, reaching $141.83. 416,475 shares of the company's stock were exchanged, compared to its average volume of 2,653,145. D.R. Horton has a fifty-two week low of $131.75 and a fifty-two week high of $176.22. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $39.67 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.19 and a beta of 1.37. The business has a fifty day moving average price of $145.47 and a 200-day moving average price of $146.99.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.36 earnings per share. Analysts predict that D.R. Horton will post 10.45 EPS for the current fiscal year.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in DHI. Caitlin John LLC bought a new stake in D.R. Horton during the 2nd quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in D.R. Horton in the second quarter valued at approximately $25,000. Core Wealth Advisors LLC acquired a new stake in D.R. Horton during the 4th quarter worth $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at $26,000. Finally, Bell Investment Advisors Inc acquired a new stake in shares of D.R. Horton during the second quarter worth $32,000. Institutional investors and hedge funds own 90.63% of the company's stock.

About D.R. Horton

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.