D.R. Horton (NYSE:DHI) Price Target Lowered to $150.00 at The Goldman Sachs Group

D.R. Horton (NYSE:DHI) had its target price reduced by research analysts at The Goldman Sachs Group from $173.00 to $150.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 23.97% from the company’s previous close.

A number of other research analysts have also issued reports on DHI. UBS Group decreased their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Barclays decreased their price target on shares of D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. JMP Securities reissued a “market outperform” rating and set a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised D.R. Horton from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $162.21.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded up $3.45 during trading on Tuesday, hitting $120.99. 5,075,406 shares of the stock traded hands, compared to its average volume of 3,812,100. The company has a fifty day moving average price of $126.77 and a two-hundred day moving average price of $148.24. D.R. Horton has a 52-week low of $110.44 and a 52-week high of $199.85. The company has a market cap of $38.13 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the company earned $3.52 earnings per share. As a group, equities analysts predict that D.R. Horton will post 13.04 EPS for the current year.

Institutional Trading of D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Nemes Rush Group LLC raised its holdings in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the 4th quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in D.R. Horton during the fourth quarter worth about $38,000. Rosenberg Matthew Hamilton lifted its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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.