D.R. Horton (NYSE:DHI) Rating Reiterated by Wedbush

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 target price points to a potential downside of 13.89% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. BTIG Research dropped their target price on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday. JMP Securities increased 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 report on Wednesday, January 24th. Citigroup upped their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group increased their price target on shares of D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Finally, Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.00.

D.R. Horton Stock Performance

DHI traded up $5.23 during trading on Thursday, hitting $150.97. The company’s stock had a trading volume of 1,551,244 shares, compared to its average volume of 2,513,608. The firm has a market cap of $50.09 billion, a PE ratio of 10.79, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The business’s 50 day simple moving average is $151.94 and its 200-day simple moving average is $138.37. 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 (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same period last year, the company posted $2.73 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton will post 14.24 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of D.R. Horton

A number of hedge funds have recently made changes to their positions in DHI. Evergreen Capital Management LLC grew its position in shares of D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the period. Voss Capital LLC purchased a new stake in D.R. Horton in the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC increased its position in shares of D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares during the period. SteelPeak Wealth LLC bought a new position in shares of D.R. Horton during the third quarter valued at approximately $218,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of D.R. Horton by 43.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,731 shares of the construction company’s stock valued at $2,228,000 after purchasing an additional 6,272 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.