D.R. Horton (NYSE:DHI – Get Free Report) had its price objective cut by stock analysts at The Goldman Sachs Group from $200.00 to $171.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 23.72% from the stock’s previous close.
Several other analysts also recently commented on the stock. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Citigroup reduced their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Bank of America upped their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.53.
Get Our Latest Analysis on D.R. Horton
D.R. Horton Price Performance
D.R. Horton (NYSE:DHI – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the firm earned $4.45 EPS. D.R. Horton’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that D.R. Horton will post 14.03 EPS for the current fiscal year.
Insider Buying and Selling at D.R. Horton
In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.74% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of DHI. Rosenberg Matthew Hamilton grew its holdings in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after buying an additional 165 shares during the period. PSI Advisors LLC bought a new stake in D.R. Horton during the 4th quarter worth about $87,000. Czech National Bank lifted its position in D.R. Horton by 5.8% during the 4th quarter. Czech National Bank now owns 63,230 shares of the construction company’s stock worth $8,841,000 after buying an additional 3,454 shares in the last quarter. Park National Corp OH raised its holdings in shares of D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock valued at $29,756,000 after purchasing an additional 17,441 shares during the period. Finally, CWA Asset Management Group LLC raised its holdings in shares of D.R. Horton by 1.7% in the 4th quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company’s stock valued at $1,273,000 after purchasing an additional 150 shares during the period. Institutional investors own 90.63% of the company’s stock.
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.
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