D.R. Horton (NYSE:DHI) Rating Lowered to In-Line at Evercore ISI

Key Points

• D.R. Horton has been downgraded from "outperform" to "hold" by Evercore ISI, with a new price target of $169.00, suggesting a potential upside of 4.82% from its current price.
• Analysts have mixed ratings on the stock, with an average target price of $157.31 and several upgrades and downgrades from other firms in recent weeks.
• The company's stock price opened at $161.23, with a notable market capitalization of $48.07 billion and a P/E ratio of 12.93.

D.R. Horton (NYSE:DHI - Get Free Report) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "in-line" rating in a report released on Tuesday, MarketBeat Ratings reports. They currently have a $169.00 price target on the construction company's stock, down from their previous price target of $185.00. Evercore ISI's price target indicates a potential upside of 4.82% from the stock's previous close.

DHI has been the topic of a number of other reports. Bank of America upped their price objective on D.R. Horton from $155.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. UBS Group upped their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company upped their price target on D.R. Horton from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wedbush upped their price objective on D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $157.31.

D.R. Horton Trading Down 6.0%

Shares of D.R. Horton stock opened at $161.23 on Tuesday. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $195.50. The stock has a market cap of $48.07 billion, a P/E ratio of 12.93, a P/E/G ratio of 3.56 and a beta of 1.40. The stock's 50 day simple moving average is $166.63 and its 200-day simple moving average is $140.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm had revenue of $9.23 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the firm posted $4.10 earnings per share. The firm's quarterly revenue was down 7.4% on a year-over-year basis. D.R. Horton has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

Insider Activity at D.R. Horton

In related news, SVP Aron M. Odom sold 1,376 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the sale, the chairman owned 815,672 shares of the company's stock, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,376 shares of company stock worth $5,898,848 over the last 90 days. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company's stock valued at $4,279,706,000 after buying an additional 642,642 shares during the last quarter. State Street Corp grew its position in D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company's stock worth $1,629,067,000 after purchasing an additional 92,219 shares during the last quarter. Norges Bank bought a new position in D.R. Horton in the 2nd quarter worth about $494,278,000. Dimensional Fund Advisors LP boosted its holdings in shares of D.R. Horton by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,509,407 shares of the construction company's stock valued at $446,093,000 after acquiring an additional 33,412 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of D.R. Horton by 16.4% in the second quarter. Franklin Resources Inc. now owns 3,200,176 shares of the construction company's stock valued at $412,567,000 after acquiring an additional 450,362 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

About D.R. Horton

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.