D.R. Horton (NYSE:DHI) PT Raised to $186.00 at Barclays

D.R. Horton (NYSE:DHIGet Free Report) had its price objective raised by investment analysts at Barclays from $166.00 to $186.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential upside of 17.10% from the stock’s previous close.

Several other research firms also recently commented on DHI. UBS Group lifted their price target on shares of D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. The Goldman Sachs Group increased their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a report on Wednesday, January 24th. JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Finally, Wedbush cut D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price objective for the company. in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and a consensus target price of $150.71.

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D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $1.02 during trading on Thursday, hitting $158.84. 86,528 shares of the company were exchanged, compared to its average volume of 2,497,866. The company has a market cap of $52.71 billion, a PE ratio of 11.46, a P/E/G ratio of 0.88 and a beta of 1.64. The stock has a 50 day moving average of $150.23 and a 200 day moving average of $135.40. D.R. Horton has a 52-week low of $94.22 and a 52-week high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20.

D.R. Horton (NYSE:DHIGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 EPS. As a group, equities research analysts predict that D.R. Horton will post 14.17 EPS for the current year.

Insider Buying and Selling at D.R. Horton

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 stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction 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 owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,197 shares of company stock worth $4,225,745. 1.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Clear Street Markets LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the first quarter worth $28,000. Mascoma Wealth Management LLC raised its stake in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. BluePath Capital Management LLC purchased a new position in shares of D.R. Horton in the third quarter worth $33,000. Finally, Oakworth Capital Inc. bought a new stake in shares of D.R. Horton in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

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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.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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