BTIG Research Lowers D.R. Horton (NYSE:DHI) Price Target to $186.00

D.R. Horton (NYSE:DHI) had its price objective decreased by BTIG Research from $190.00 to $186.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. BTIG Research’s target price points to a potential upside of 10.06% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Bank of America upped their price objective 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. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. UBS Group reduced their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays increased their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada reduced their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $185.33.

D.R. Horton Stock Performance

D.R. Horton stock opened at $169.00 on Wednesday. The firm has a 50 day simple moving average of $186.95 and a 200-day simple moving average of $165.18. D.R. Horton has a 1-year low of $102.23 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The stock has a market cap of $55.07 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. On average, analysts expect that D.R. Horton will post 14.03 EPS for the current year.

D.R. Horton declared that its board has approved a share buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DHI. Bfsg LLC grew its position in shares of D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares during the last quarter. RiverPark Advisors LLC purchased a new position in D.R. Horton during the 1st quarter worth $29,000. Signature Resources Capital Management LLC purchased a new position in D.R. Horton during the 2nd quarter worth $31,000. Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust grew its position in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other 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.