Wedbush Reiterates “Underperform” Rating for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI)‘s stock had its “underperform” rating reissued by equities research analysts at Wedbush in a research note issued on Thursday, Benzinga reports. They presently have a $130.00 price target on the construction company’s stock. Wedbush’s price target would suggest a potential downside of 8.57% from the company’s current price. Wedbush also issued estimates for D.R. Horton’s Q3 2024 earnings at $3.62 EPS, Q4 2024 earnings at $3.93 EPS, Q1 2025 earnings at $2.63 EPS, Q2 2025 earnings at $3.23 EPS and FY2025 earnings at $14.68 EPS.

Other research analysts also recently issued research reports about the company. Raymond James raised their price objective on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods cut their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price target on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. The Goldman Sachs Group raised their price target on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

D.R. Horton Stock Down 2.5 %

NYSE DHI opened at $142.19 on Thursday. The stock’s 50-day moving average price is $151.91 and its 200-day moving average price is $138.67. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The company has a market capitalization of $47.18 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the company earned $2.73 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton will post 14.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders sold 27,197 shares of company stock valued at $4,225,745. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in D.R. Horton by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after purchasing an additional 406,429 shares in the last quarter. State Street Corp raised its position in D.R. Horton by 3.6% during the 1st quarter. State Street Corp now owns 13,712,390 shares of the construction company’s stock valued at $1,339,558,000 after purchasing an additional 480,247 shares in the last quarter. Geode Capital Management LLC raised its position in D.R. Horton by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 6,515,717 shares of the construction company’s stock valued at $635,060,000 after purchasing an additional 45,030 shares in the last quarter. Invesco Ltd. raised its position in D.R. Horton by 17.0% during the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after purchasing an additional 694,155 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock valued at $389,414,000 after purchasing an additional 4,364,275 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

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.