D.R. Horton (NYSE:DHI) Receives “Equal Weight” Rating from Barclays

D.R. Horton (NYSE:DHI)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays in a note issued to investors on Wednesday,Benzinga reports. They presently have a $170.00 price target on the construction company’s stock, down from their previous price target of $192.00. Barclays‘s price objective would suggest a potential upside of 8.29% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their target price on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $200.00 to $183.00 in a report on Tuesday. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price on the stock in a research report on Tuesday, October 15th. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lowered their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $182.73.

D.R. Horton Stock Performance

Shares of DHI opened at $156.98 on Wednesday. The stock has a market capitalization of $50.42 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.58 and a beta of 1.71. The business’s fifty day moving average price is $173.95 and its 200 day moving average price is $168.88. 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 has a 12-month low of $133.02 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (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 business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton will post 14.26 EPS for the current year.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at this link. 1.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently bought and sold shares of DHI. KBC Group NV lifted its position in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC acquired a new position in D.R. Horton in the 3rd quarter valued at approximately $4,220,000. Benjamin Edwards Inc. lifted its position in D.R. Horton by 904.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares in the last quarter. Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter valued at $1,308,000. Finally, Rheos Capital Works Inc. grew its holdings in shares of D.R. Horton by 84.4% during the 3rd quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company’s stock valued at $15,834,000 after acquiring an additional 38,000 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.