Keefe, Bruyette & Woods Increases D.R. Horton (NYSE:DHI) Price Target to $178.00

D.R. Horton (NYSE:DHI) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $172.00 to $178.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 20.47% from the company’s current price.

A number of other brokerages also recently weighed in on DHI. Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group upped their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a research note on Friday, April 19th. JMP Securities boosted their price target on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.41.

D.R. Horton Stock Down 2.4 %

DHI opened at $147.75 on Tuesday. The company has a market capitalization of $48.66 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The business has a 50-day moving average of $152.32 and a 200-day moving average of $142.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. Equities research analysts forecast that D.R. Horton will post 14.31 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now owns 1,703 shares of the company’s stock, valued at $256,642.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,812 shares of company stock valued at $4,330,617. 1.74% of the stock is currently owned by corporate insiders.

Institutional Trading of D.R. Horton

Large investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter valued at approximately $516,530,000. Los Angeles Capital Management LLC raised its stake in D.R. Horton by 390.6% during the 3rd 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. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of D.R. Horton by 62.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,367,704 shares of the construction company’s stock valued at $207,864,000 after acquiring an additional 525,705 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 21.7% in the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of D.R. Horton by 1,357.4% during the third quarter. Acadian Asset Management LLC now owns 490,043 shares of the construction company’s stock worth $52,652,000 after acquiring an additional 456,419 shares during the last quarter. 90.63% of the stock is owned by 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.