Citigroup Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price objective cut by equities researchers at Citigroup from $185.00 to $152.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price target points to a potential upside of 8.97% from the company’s current price.

DHI has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Barclays reissued an “equal weight” rating and set a $170.00 price target (down previously from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group decreased their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Bank of America increased their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $177.40.

D.R. Horton Trading Down 0.3 %

DHI traded down $0.40 during trading on Monday, hitting $139.49. The company’s stock had a trading volume of 1,345,058 shares, compared to its average volume of 1,895,659. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85. The stock has a market cap of $44.75 billion, a PE ratio of 9.71, a PEG ratio of 0.57 and a beta of 1.75. The firm’s 50 day moving average price is $157.58 and its 200-day moving average price is $168.91. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the company posted $4.45 earnings per share. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, analysts expect that D.R. Horton will post 14.17 earnings per share for the current year.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. TD Asset Management Inc raised its position in D.R. Horton by 1.1% during the second quarter. TD Asset Management Inc now owns 153,658 shares of the construction company’s stock valued at $21,655,000 after buying an additional 1,703 shares during the period. Victory Capital Management Inc. lifted its position in D.R. Horton by 15.2% in the 2nd quarter. Victory Capital Management Inc. now owns 400,742 shares of the construction company’s stock worth $56,477,000 after buying an additional 52,995 shares in the last quarter. Candriam S.C.A. grew its holdings in shares of D.R. Horton by 15.6% during the 2nd quarter. Candriam S.C.A. now owns 20,520 shares of the construction company’s stock valued at $2,892,000 after acquiring an additional 2,770 shares in the last quarter. Custom Index Systems LLC acquired a new position in shares of D.R. Horton in the second quarter worth $380,000. Finally, Caprock Group LLC raised its holdings in shares of D.R. Horton by 37.8% during the second quarter. Caprock Group LLC now owns 7,639 shares of the construction company’s stock worth $1,077,000 after acquiring an additional 2,094 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other 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.