Bank of America Cuts D.R. Horton (NYSE:DHI) Price Target to $168.00

D.R. Horton (NYSE:DHI) had its target price lowered by investment analysts at Bank of America from $182.00 to $168.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America‘s price target would indicate a potential upside of 17.43% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Raymond James lifted 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. BTIG Research lowered their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research note on Monday, January 22nd. JMP Securities lifted their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Price Performance

D.R. Horton stock traded down $2.82 during trading on Friday, reaching $143.06. The company had a trading volume of 1,469,543 shares, compared to its average volume of 2,554,378. The firm’s 50-day simple moving average is $151.97 and its 200 day simple moving average is $138.42. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The firm has a market capitalization of $47.47 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter in the previous year, the company posted $2.73 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts anticipate that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $844,053.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Barbara K. Allen sold 1,748 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total transaction of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were 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 $844,053.50. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 over the last ninety days. 1.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the first quarter valued at $27,000. Riverview Trust Co acquired a new position in D.R. Horton during the first quarter worth about $30,000. Oakworth Capital Inc. acquired a new position in D.R. Horton during the fourth quarter worth about $38,000. BOKF NA grew its holdings in D.R. Horton by 873.1% during the fourth quarter. BOKF NA now owns 253 shares of the construction company’s stock worth $38,000 after acquiring an additional 227 shares during the period. Finally, Private Wealth Management Group LLC acquired a new position in D.R. Horton during the fourth quarter worth about $42,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.