D.R. Horton (NYSE:DHI) Price Target Cut to $185.00 by Analysts at Citigroup

D.R. Horton (NYSE:DHI - Get Free Report) had its price target reduced by equities research analysts at Citigroup from $186.00 to $185.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the construction company's stock. Citigroup's price objective would indicate a potential upside of 8.62% from the company's previous close.

Other equities analysts have also issued research reports about the stock. JMP Securities upped their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a "market outperform" rating in a research report on Friday, July 19th. UBS Group reduced their price target on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of "Moderate Buy" and an average price target of $185.87.

D.R. Horton Trading Up 1.8 %

DHI traded up $3.00 during trading on Wednesday, hitting $170.32. 3,084,116 shares of the stock traded hands, compared to its average volume of 2,471,929. The firm has a 50-day moving average of $187.63 and a 200 day moving average of $165.12. D.R. Horton has a 12-month low of $102.23 and a 12-month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. The firm has a market capitalization of $56.09 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

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 (EPS) for the quarter, missing the consensus estimate of $4.20 by ($0.28). D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton will post 14.03 EPS for the current year.

D.R. Horton declared that its Board of Directors has initiated a share buyback program on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DHI. Bfsg LLC boosted its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company's stock valued at $25,000 after buying an additional 74 shares in the last quarter. RiverPark Advisors LLC bought a new position in D.R. Horton during the first quarter valued at about $29,000. Signature Resources Capital Management LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at $31,000. Wolff Wiese Magana LLC lifted its holdings in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company's stock valued at $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company's stock valued at $41,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

D.R. Horton Company Profile

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.

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