BTIG Research Trims D.R. Horton (NYSE:DHI) Target Price to $169.00

D.R. Horton (NYSE:DHI) had its target price dropped by research analysts at BTIG Research from $174.00 to $169.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. BTIG Research’s target price suggests a potential upside of 15.96% from the company’s previous close.

Several other research analysts have also recently weighed in on DHI. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. JMP Securities lifted their target price on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada lifted their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. Finally, Raymond James lifted their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and an average target price of $154.00.

D.R. Horton Trading Down 0.2 %

NYSE:DHI opened at $145.74 on Tuesday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75. The company has a market cap of $48.36 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. The company has a 50 day simple moving average of $151.94 and a two-hundred day simple moving average of $138.37.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 EPS. Research analysts forecast that D.R. Horton will post 14.24 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $809,419. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock worth $4,225,745 in the last 90 days. 1.74% of the stock is currently owned by corporate insiders.

Institutional Trading of D.R. Horton

A number of large investors have recently made changes to their positions in the business. Rise Advisors LLC bought a new position in D.R. Horton during the 1st quarter valued at about $27,000. Clear Street Markets LLC bought a new position in D.R. Horton during the 4th quarter valued at about $28,000. Fairfield Bush & CO. bought a new position in D.R. Horton during the 1st quarter valued at about $28,000. Riverview Trust Co bought a new position in D.R. Horton during the 1st quarter valued at about $30,000. Finally, Mascoma Wealth Management LLC grew its holdings in D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after purchasing an additional 235 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

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.