D.R. Horton (NYSE:DHI) Receives Neutral Rating from Wedbush

D.R. Horton (NYSE:DHI)‘s stock had its “neutral” rating restated by analysts at Wedbush in a report issued on Friday,RTT News reports. They currently have a $180.00 target price on the construction company’s stock. Wedbush’s price objective suggests a potential upside of 21.76% from the company’s previous close.

Several other brokerages also recently issued reports on DHI. 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 report on Monday, January 6th. Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price objective on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $176.20.

D.R. Horton Price Performance

Shares of NYSE DHI traded up $1.23 during trading on Friday, hitting $147.83. 3,860,157 shares of the company were exchanged, compared to its average volume of 3,285,623. The firm’s fifty day moving average price is $151.85 and its 200 day moving average price is $168.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market cap of $47.43 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. D.R. Horton has a 1 year low of $133.02 and a 1 year 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 net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 earnings per share. D.R. Horton’s revenue was down 4.7% on a year-over-year basis. On average, sell-side analysts expect that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds have recently bought and sold shares of the business. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter worth approximately $26,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.