UBS Group Issues Positive Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI - Get Free Report) had its target price increased by research analysts at UBS Group from $176.00 to $187.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. UBS Group's price target suggests a potential upside of 29.80% from the stock's current price.

A number of other analysts have also weighed in on the company. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research note 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. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Royal Bank Of Canada set a $117.00 price objective on D.R. Horton and gave the company an "underperform" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $0.64 during midday trading on Wednesday, hitting $144.07. 1,132,382 shares of the company's stock were exchanged, compared to its average volume of 3,786,259. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The company has a market cap of $44.25 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 3.26 and a beta of 1.38. The business's fifty day moving average price is $127.61 and its two-hundred day moving average price is $129.17.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm earned $4.10 earnings per share. D.R. Horton's revenue was down 7.4% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton will post 13.04 EPS for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction 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. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in D.R. Horton by 23.6% in the second quarter. CWM LLC now owns 24,888 shares of the construction company's stock worth $3,209,000 after purchasing an additional 4,755 shares during the last quarter. OFI Invest Asset Management raised its stake in D.R. Horton by 7.5% during the 2nd quarter. OFI Invest Asset Management now owns 118,612 shares of the construction company's stock valued at $15,291,000 after purchasing an additional 8,299 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in D.R. Horton by 13.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,568 shares of the construction company's stock valued at $5,746,000 after purchasing an additional 5,430 shares during the period. Johnson Investment Counsel Inc. raised its stake in D.R. Horton by 4.2% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 8,882 shares of the construction company's stock valued at $1,145,000 after purchasing an additional 356 shares during the period. Finally, Fulcrum Capital LLC raised its stake in D.R. Horton by 4.1% during the 2nd quarter. Fulcrum Capital LLC now owns 45,702 shares of the construction company's stock valued at $5,892,000 after purchasing an additional 1,808 shares during the period. 90.63% of the stock is currently owned by 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.