Citigroup Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI - Get Free Report) had its price target decreased by investment analysts at Citigroup from $185.00 to $152.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the construction company's stock. Citigroup's target price points to a potential upside of 9.06% from the stock's previous close.

A number of other research firms have also recently commented on DHI. Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Bank of America boosted their price target on D.R. Horton from $196.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Keefe, Bruyette & Woods cut D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Finally, Barclays reissued an "equal weight" rating and issued a $170.00 target price (down from $192.00) on shares of D.R. Horton in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $177.40.

D.R. Horton Stock Down 0.4 %

Shares of NYSE:DHI traded down $0.52 during midday trading on Monday, reaching $139.37. The company had a trading volume of 3,472,024 shares, compared to its average volume of 2,656,740. The business's 50 day moving average price is $157.58 and its 200 day moving average price is $168.91. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market cap of $44.71 billion, a PE ratio of 9.71, a P/E/G ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 EPS. Research analysts forecast that D.R. Horton will post 14.17 EPS for the current fiscal year.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently bought and sold shares of DHI. Mountaineer Partners Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company's stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of D.R. Horton in the 3rd quarter valued at $72,672,000. Nordea Investment Management AB boosted its stake in D.R. Horton by 112.7% during the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company's stock worth $57,255,000 after acquiring an additional 215,947 shares in the last quarter. Finally, KBC Group NV grew its holdings in D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company's stock worth $51,706,000 after purchasing an additional 212,112 shares during the period. Institutional investors and hedge funds 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.