D.R. Horton (NYSE:DHI) Price Target Raised to $175.00 at Wells Fargo & Company

D.R. Horton (NYSE:DHI - Get Free Report) had its target price increased by equities researchers at Wells Fargo & Company from $160.00 to $175.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the construction company's stock. Wells Fargo & Company's price target would suggest a potential upside of 20.78% from the stock's current price.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Bank of America cut their price objective on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday. Royal Bank Of Canada cut their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Finally, Wedbush lifted their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a "neutral" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of "Hold" and an average price target of $153.23.

D.R. Horton Trading Down 2.2%

Shares of NYSE DHI traded down $3.28 during trading hours on Wednesday, hitting $144.89. The company's stock had a trading volume of 5,062,155 shares, compared to its average volume of 4,729,618. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.15 and a current ratio of 7.06. The stock has a market cap of $44.51 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 3.26 and a beta of 1.38. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85. The business has a 50-day simple moving average of $127.61 and a 200-day simple moving average of $129.17.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for 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%. D.R. Horton's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $4.10 earnings per share. On average, analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 2,150 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the transaction, the director directly owned 2,193 shares in the company, valued at $280,046.10. The trade was a 49.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in D.R. Horton by 25.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,555 shares of the construction company's stock worth $325,000 after acquiring an additional 511 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in D.R. Horton by 1.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after acquiring an additional 5,052 shares during the last quarter. OneAscent Financial Services LLC raised its holdings in D.R. Horton by 21.2% in the 4th quarter. OneAscent Financial Services LLC now owns 3,325 shares of the construction company's stock worth $465,000 after acquiring an additional 582 shares during the last quarter. Ritholtz Wealth Management raised its holdings in D.R. Horton by 6.5% in the 1st quarter. Ritholtz Wealth Management now owns 2,124 shares of the construction company's stock worth $270,000 after acquiring an additional 129 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in D.R. Horton by 34.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company's stock valued at $5,875,000 after buying an additional 11,905 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.