Barclays Cuts D.R. Horton (NYSE:DHI) Price Target to $150.00

D.R. Horton (NYSE:DHI - Get Free Report) had its target price lowered by investment analysts at Barclays from $170.00 to $150.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the construction company's stock. Barclays's price target points to a potential upside of 1.47% from the stock's previous close.

DHI has been the topic of several other reports. Bank of America increased their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. Citigroup dropped their target price on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. StockNews.com lowered D.R. Horton from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Finally, BTIG Research dropped their price objective on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of "Hold" and a consensus price target of $176.20.

D.R. Horton Trading Up 0.8 %

Shares of D.R. Horton stock traded up $1.23 on Thursday, hitting $147.83. 3,860,157 shares of the company traded hands, compared to its average volume of 3,285,623. 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 company has a market cap of $47.43 billion, a PE ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. The stock's 50 day moving average price is $151.85 and its 200-day moving average price is $168.56. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The company's revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts predict that D.R. Horton will post 14.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was 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 SEC, which is available through this link. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. boosted its holdings in D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Wolff Wiese Magana LLC grew its position in D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock worth $40,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust raised its stake in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after buying an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $47,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

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.