D.R. Horton (NYSE:DHI) Price Target Cut to $203.00 by Analysts at UBS Group

D.R. Horton (NYSE:DHI - Get Free Report) had its target price decreased by research analysts at UBS Group from $214.00 to $203.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. UBS Group's target price indicates a potential upside of 45.03% from the company's previous close.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their price objective 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. Evercore ISI cut their target price 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. Barclays reaffirmed an "equal weight" rating and issued a $170.00 price target (down from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. Finally, BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $176.67.

D.R. Horton Stock Performance

DHI stock traded up $2.13 during midday trading on Wednesday, hitting $139.97. 3,066,552 shares of the stock traded hands, compared to its average volume of 2,791,319. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock's fifty day simple moving average is $156.17 and its 200-day simple moving average is $168.87. The firm has a market cap of $44.91 billion, a P/E ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its 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 analysts' expectations of $10.22 billion. During the same period in the previous year, the company earned $4.45 earnings per share. The company's revenue 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 related news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Park National Corp OH raised its position in D.R. Horton by 8.9% in the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock valued at $29,756,000 after purchasing an additional 17,441 shares during the period. CWA Asset Management Group LLC boosted its holdings in D.R. Horton by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company's stock valued at $1,273,000 after acquiring an additional 150 shares during the period. Pensionfund Sabic grew its position in D.R. Horton by 70.2% in the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock valued at $1,356,000 after acquiring an additional 4,000 shares in the last quarter. Nordea Investment Management AB increased 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 purchasing an additional 215,947 shares during the period. Finally, Everence Capital Management Inc. lifted its position in shares of D.R. Horton by 43.7% during the fourth quarter. Everence Capital Management Inc. now owns 6,350 shares of the construction company's stock worth $888,000 after purchasing an additional 1,930 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.