D.R. Horton (NYSE:DHI) Price Target Increased to $178.00 by Analysts at Keefe, Bruyette & Woods

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective lifted by equities researchers at Keefe, Bruyette & Woods from $172.00 to $178.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the construction company's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 17.55% from the company's previous close.

A number of other equities analysts have also commented on the stock. Bank of America cut their price target on shares of D.R. Horton from $182.00 to $168.00 and set a "buy" rating on the stock in a report on Friday, April 19th. UBS Group increased their price target on D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Barclays cut their price objective on D.R. Horton from $186.00 to $176.00 and set an "overweight" rating on the stock in a research note on Friday, April 19th. JMP Securities raised their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 24th. Finally, Seaport Res Ptn downgraded shares of D.R. Horton from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $158.41.

D.R. Horton Price Performance

Shares of NYSE:DHI traded up $0.16 during trading on Tuesday, hitting $151.42. 2,544,959 shares of the company were exchanged, compared to its average volume of 2,539,081. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a market capitalization of $49.86 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. The business's 50 day moving average is $152.32 and its 200-day moving average is $142.72.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts' consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period last year, the firm posted $2.73 earnings per share. The business's revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts forecast that D.R. Horton will post 14.31 earnings per share for the current year.

Insider Activity

In related news, Director Barbara K. Allen sold 449 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the business's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at $256,642.10. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 over the last three months. 1.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its stake in D.R. Horton by 53.7% in the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company's stock valued at $1,074,000 after purchasing an additional 3,489 shares during the last quarter. Voss Capital LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC raised its stake in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company's stock valued at $79,884,000 after acquiring an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in D.R. Horton during the third quarter worth about $218,000. Finally, Handelsbanken Fonder AB increased its stake in shares of D.R. Horton by 20.5% in the fourth quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company's stock worth $14,784,000 after purchasing an additional 16,573 shares in the last quarter. Institutional investors 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.