D.R. Horton (NYSE:DHI) PT Lowered to $141.00

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective reduced by equities research analysts at Royal Bank of Canada from $142.00 to $141.00 in a report issued on Friday, Benzinga reports. The firm presently has an "underperform" rating on the construction company's stock. Royal Bank of Canada's target price indicates a potential downside of 0.84% from the company's current price.

Several other brokerages also recently commented on DHI. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 24th. BTIG Research reduced their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday. Raymond James boosted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Finally, Wedbush reissued an "underperform" rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $158.06.

D.R. Horton Price Performance

D.R. Horton stock traded down $3.69 during mid-day trading on Friday, hitting $142.19. 3,393,557 shares of the company traded hands, compared to its average volume of 2,581,138. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The stock has a market cap of $47.18 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The stock has a fifty day moving average price of $151.97 and a 200-day moving average price of $138.42.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business's revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $2.73 earnings per share. On average, equities analysts predict that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

Insider Activity

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now owns 5,650 shares of the company's stock, valued at $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 in the last quarter. 1.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $27,000. Clear Street Markets LLC bought a new position in shares of D.R. Horton during the 4th quarter valued at approximately $28,000. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $28,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $30,000. Finally, BluePath Capital Management LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $33,000. 90.63% of the stock is currently owned by institutional investors.

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.