Barclays Cuts D.R. Horton (NYSE:DHI) Price Target to $150.00

D.R. Horton (NYSE:DHI) had its price target cut by equities research analysts at Barclays from $170.00 to $150.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective would indicate a potential upside of 3.08% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup decreased their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group reduced their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $175.20.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded up $0.11 during trading on Thursday, hitting $145.52. 1,295,970 shares of the company’s stock traded hands, compared to its average volume of 3,005,643. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market cap of $46.69 billion, a PE ratio of 10.13, a PEG ratio of 0.51 and a beta of 1.75. The firm’s fifty day moving average price is $153.12 and its 200 day moving average price is $168.80.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts forecast that D.R. Horton will post 14.03 earnings per share for the current year.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently modified their holdings of the stock. Coastline Trust Co acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at approximately $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after acquiring an additional 117 shares during the period. Wolff Wiese Magana LLC raised its position in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust grew its position in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after purchasing an additional 93 shares during the period. Finally, FSA Wealth Management LLC bought a new position in D.R. Horton in the third quarter valued at approximately $47,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.