D.R. Horton (NYSE:DHI) Given New $152.00 Price Target at Citigroup

D.R. Horton (NYSE:DHI) had its price target decreased by Citigroup from $185.00 to $152.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target suggests a potential upside of 8.97% from the stock’s current price.

A number of other analysts also recently weighed in on DHI. Bank of America increased their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $177.40.

D.R. Horton Price Performance

Shares of NYSE DHI traded down $0.40 during mid-day trading on Monday, reaching $139.49. 1,345,058 shares of the company traded hands, compared to its average volume of 1,895,659. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The firm has a market cap of $44.75 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The stock has a fifty day simple moving average of $157.58 and a 200-day simple moving average of $168.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.45 earnings per share. Equities research analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV raised its stake in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $4,220,000. Toronto Dominion Bank increased its stake in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after purchasing an additional 15,460 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after purchasing an additional 36,780 shares during the last quarter. Finally, Schear Investment Advisers LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $1,308,000. Institutional investors and hedge funds 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.