D.R. Horton (NYSE:DHI) Price Target Cut to $181.00 by Analysts at Citigroup

D.R. Horton (NYSE:DHI - Get Free Report) had its price objective reduced by analysts at Citigroup from $191.00 to $181.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Citigroup's price objective would suggest a potential upside of 19.47% from the stock's previous close.

Several other brokerages also recently issued reports on DHI. Wedbush reissued an "underperform" rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Royal Bank of Canada dropped their target price on D.R. Horton from $142.00 to $141.00 and set an "underperform" rating on the stock in a report on Friday, April 19th. UBS Group upped their price objective on D.R. Horton from $192.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 19th. StockNews.com raised D.R. Horton from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, BTIG Research cut their price target on shares of D.R. Horton from $174.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has an average rating of "Moderate Buy" and an average target price of $157.82.

D.R. Horton Stock Up 0.4 %

Shares of DHI traded up $0.53 during midday trading on Friday, hitting $151.50. The company had a trading volume of 1,472,098 shares, compared to its average volume of 2,556,944. The stock has a market cap of $49.89 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.78 and a beta of 1.66. The company's 50 day moving average price is $152.15 and its 200 day moving average price is $144.50. 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 52 week low of $100.08 and a 52 week high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.73 earnings per share. On average, equities research analysts predict that D.R. Horton will post 14.26 EPS for the current year.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now directly owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,812 shares of company stock valued at $4,330,617. Company insiders own 1.74% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC bought a new stake in shares of D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC bought a new stake in D.R. Horton during the 1st quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in D.R. Horton in the 1st quarter valued at approximately $30,000. Oakworth Capital Inc. acquired a new position in D.R. Horton during the 4th quarter valued at $38,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of D.R. Horton in the fourth quarter valued at about $42,000. 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.