Keefe, Bruyette & Woods Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHIGet Free Report) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $175.00 to $167.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 17.71% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research report on Wednesday. UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $168.17.

View Our Latest Stock Report on DHI

D.R. Horton Trading Down 0.5%

D.R. Horton stock opened at $141.88 on Wednesday. D.R. Horton has a 52 week low of $131.75 and a 52 week high of $184.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 2.64. The stock has a market capitalization of $40.23 billion, a P/E ratio of 13.50, a PEG ratio of 2.00 and a beta of 1.36. The stock has a 50-day simple moving average of $150.62 and a 200 day simple moving average of $150.40.

D.R. Horton (NYSE:DHIGet Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 earnings per share. Analysts expect that D.R. Horton will post 10.58 earnings per share for the current year.

Institutional Trading of D.R. Horton

Several institutional investors have recently added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC lifted its holdings in shares of D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after buying an additional 803 shares in the last quarter. Geneos Wealth Management Inc. increased its position in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock worth $77,000 after acquiring an additional 455 shares during the period. Sivia Capital Partners LLC bought a new position in D.R. Horton during the second quarter worth about $302,000. Brown Advisory Inc. raised its stake in D.R. Horton by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock worth $815,000 after purchasing an additional 208 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in D.R. Horton by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after purchasing an additional 2,859 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton News Summary

Here are the key news stories impacting D.R. Horton this week:

About D.R. Horton

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D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.

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Analyst Recommendations for D.R. Horton (NYSE:DHI)

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