D.R. Horton (NYSE:DHI) Given New $161.00 Price Target at Keefe, Bruyette & Woods

D.R. Horton (NYSE:DHI - Get Free Report) had its price target raised by research analysts at Keefe, Bruyette & Woods from $135.00 to $161.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the construction company's stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 10.78% from the stock's current price.

Several other equities research analysts have also commented on the company. Wells Fargo & Company boosted their price objective on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday. Barclays dropped their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Royal Bank Of Canada set a $117.00 price target on D.R. Horton and gave the company an "underperform" rating in a research report on Wednesday. Finally, BTIG Research dropped their price target on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $153.23.

D.R. Horton Stock Performance

D.R. Horton stock traded down $2.84 during trading hours on Thursday, hitting $145.33. 2,052,917 shares of the stock traded hands, compared to its average volume of 3,783,192. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.15. The firm's 50 day moving average price is $127.17 and its 200-day moving average price is $129.13. The stock has a market capitalization of $44.64 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 3.38 and a beta of 1.38. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analysts' expectations of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 EPS. As a group, equities analysts expect that D.R. Horton will post 13.04 EPS for the current fiscal year.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter valued at $593,363,000. Allspring Global Investments Holdings LLC grew its stake in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock valued at $214,984,000 after acquiring an additional 1,655,309 shares in the last quarter. Franklin Resources Inc. grew its stake in D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in D.R. Horton by 19,102.6% in the first quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after purchasing an additional 911,960 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Company Profile

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.

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