Truist Financial Lowers D.R. Horton (NYSE:DHI) Price Target to $140.00

D.R. Horton (NYSE:DHI) had its price objective lowered by investment analysts at Truist Financial from $150.00 to $140.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential downside of 0.88% from the company’s current price.

Several other research firms have also issued reports on DHI. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of D.R. Horton in a research note on Tuesday, July 21st. Citigroup reissued a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $175.00 to $167.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $165.25.

D.R. Horton Trading Up 0.7%

Shares of D.R. Horton stock traded up $1.04 on Wednesday, reaching $141.24. The company had a trading volume of 1,085,055 shares, compared to its average volume of 2,620,401. The firm’s 50 day moving average price is $146.32 and its two-hundred day moving average price is $147.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton has a 52-week low of $131.75 and a 52-week high of $177.58. The firm has a market cap of $39.50 billion, a PE ratio of 13.45, a PEG ratio of 2.22 and a beta of 1.37.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The firm had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts predict that D.R. Horton will post 10.45 earnings per share for the current fiscal year.

Institutional Trading of D.R. Horton

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in D.R. Horton during the 2nd quarter worth about $4,067,842,000. Capital World Investors lifted its holdings in D.R. Horton by 22.1% in the 4th quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after purchasing an additional 6,695,592 shares in the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $649,305,000. Bank of America Corp DE acquired a new stake in shares of D.R. Horton during the 2nd quarter worth about $477,358,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of D.R. Horton during the second quarter worth about $294,292,000. 90.63% of the stock is owned by institutional investors and hedge funds.

About D.R. Horton

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.