The Goldman Sachs Group Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price target dropped by The Goldman Sachs Group from $200.00 to $171.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 17.55% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DHI. Keefe, Bruyette & Woods cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. 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. Evercore ISI dropped 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. Royal Bank of Canada decreased their target price on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Finally, Barclays reaffirmed an “equal weight” rating and set a $170.00 price target (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $176.53.

D.R. Horton Stock Performance

DHI stock opened at $145.47 on Tuesday. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $46.67 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The business’s fifty day moving average is $153.12 and its 200-day moving average is $168.80.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 EPS. Equities research analysts forecast that D.R. Horton will post 14.03 EPS for the current year.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. HB Wealth Management LLC increased its position in shares of D.R. Horton by 2.8% in the fourth quarter. HB Wealth Management LLC now owns 10,424 shares of the construction company’s stock valued at $1,458,000 after acquiring an additional 280 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in D.R. Horton by 15.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 7,341 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 991 shares in the last quarter. Somerset Trust Co increased its position in shares of D.R. Horton by 47.8% during the 4th quarter. Somerset Trust Co now owns 2,213 shares of the construction company’s stock worth $309,000 after purchasing an additional 716 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of D.R. Horton by 110.5% during the 4th quarter. Merit Financial Group LLC now owns 3,212 shares of the construction company’s stock worth $449,000 after purchasing an additional 1,686 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $4,555,000. 90.63% of the stock is 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.