Barclays Lowers D.R. Horton (NYSE:DHI) Price Target to $192.00

D.R. Horton (NYSE:DHI) had its price target decreased by equities research analysts at Barclays from $200.00 to $192.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price objective suggests a potential upside of 13.99% from the stock’s current price.

Other research analysts also recently issued reports about the stock. UBS Group cut their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday. Evercore ISI cut their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday. Citigroup cut their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus price target of $185.33.

D.R. Horton Trading Down 0.5 %

DHI traded down $0.85 during trading on Thursday, reaching $168.44. 1,443,175 shares of the stock traded hands, compared to its average volume of 2,474,355. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $54.88 billion, a PE ratio of 11.74, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton has a 12 month low of $102.23 and a 12 month high of $199.85. The stock’s 50-day moving average is $187.29 and its 200 day moving average is $165.15.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business earned $4.45 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts anticipate that D.R. Horton will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase program on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of D.R. Horton by 7.6% in the first quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock worth $5,735,620,000 after buying an additional 2,474,262 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of D.R. Horton by 2.3% in the second quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock worth $517,198,000 after buying an additional 81,900 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after purchasing an additional 9,137 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after purchasing an additional 561,337 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of D.R. Horton by 6.0% during the third quarter. National Pension Service now owns 1,108,703 shares of the construction company’s stock valued at $211,507,000 after purchasing an additional 62,971 shares during the last quarter. 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.