D.R. Horton (NYSE:DHI) Given New $203.00 Price Target at UBS Group

D.R. Horton (NYSE:DHI) had its price objective dropped by stock analysts at UBS Group from $214.00 to $203.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective would indicate a potential upside of 48.75% from the stock’s previous close.

A number of other brokerages also recently commented on DHI. Citigroup lowered their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America lifted their target price 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $176.67.

D.R. Horton Trading Down 1.0 %

DHI stock traded down $1.37 during midday trading on Wednesday, hitting $136.47. 163,562 shares of the company’s stock were exchanged, compared to its average volume of 2,188,431. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $43.78 billion, a PE ratio of 9.50, a P/E/G ratio of 0.57 and a beta of 1.75. The business has a 50-day simple moving average of $156.17 and a two-hundred day simple moving average of $168.87.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 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 firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts predict that D.R. Horton will post 14.17 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. KBC Group NV lifted its stake in shares of D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the period. Legacy CG LLC acquired a new stake in D.R. Horton in the third quarter worth approximately $4,220,000. Toronto Dominion Bank boosted its stake in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after purchasing an additional 15,460 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after purchasing an additional 36,780 shares during the period. Finally, Schear Investment Advisers LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at $1,308,000. Institutional investors 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.