Barclays Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price cut by investment analysts at Barclays from $129.00 to $128.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Barclays‘s target price would indicate a potential downside of 11.09% from the stock’s previous close.

DHI has been the subject of a number of other research reports. Citigroup cut their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Bank of America set a $158.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. BTIG Research set a $182.00 price objective on shares of D.R. Horton in a report on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating on shares of D.R. Horton in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $159.87.

D.R. Horton Price Performance

NYSE DHI traded up $6.90 during mid-day trading on Wednesday, hitting $143.97. The stock had a trading volume of 1,306,065 shares, compared to its average volume of 3,049,571. The firm’s 50 day moving average is $149.75 and its 200 day moving average is $152.06. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The stock has a market capitalization of $41.71 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.17 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the company earned $2.61 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. This trade represents a 3.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently modified their holdings of DHI. Integrated Wealth Concepts LLC increased its position in shares of D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in D.R. Horton in the 2nd quarter valued at approximately $302,000. Brown Advisory Inc. increased its holdings in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after purchasing an additional 208 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.