D.R. Horton (NYSE:DHI) Price Target Lowered to $171.00 at The Goldman Sachs Group

D.R. Horton (NYSE:DHI) had its target price dropped by analysts at The Goldman Sachs Group from $200.00 to $171.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 23.72% from the stock’s current price.

A number of other analysts have also weighed in on the stock. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Royal Bank of Canada dropped 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 note on Wednesday, October 30th. Bank of America raised their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $176.53.

D.R. Horton Stock Performance

NYSE DHI opened at $138.21 on Tuesday. 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 firm has a market capitalization of $44.39 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.56 and a beta of 1.71. The firm’s 50 day simple moving average is $153.73 and its 200 day simple moving average is $168.79. D.R. Horton has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the business posted $4.45 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, research analysts expect that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.74% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new position in shares of D.R. Horton in the 3rd quarter worth about $26,000. Rakuten Securities Inc. increased its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 152.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares in the last quarter. Finally, Grove Bank & Trust increased its stake in shares of D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

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.