Wedbush Reiterates "Neutral" Rating for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI - Get Free Report)'s stock had its "neutral" rating restated by investment analysts at Wedbush in a note issued to investors on Friday,RTT News reports. They presently have a $180.00 target price on the construction company's stock. Wedbush's price target would indicate a potential upside of 21.76% from the stock's current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group decreased their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday. Royal Bank of Canada cut their price target on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. 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 report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $176.20.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded up $1.23 during midday trading on Friday, hitting $147.83. The company had a trading volume of 3,860,157 shares, compared to its average volume of 3,285,623. The stock has a market cap of $47.43 billion, a price-to-earnings ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. D.R. Horton has a 12-month low of $133.02 and a 12-month 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 company has a fifty day simple moving average of $151.85 and a 200 day simple moving average of $168.56.

D.R. Horton (NYSE:DHI - Get Free Report) last released 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 net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company earned $4.45 earnings per share. D.R. Horton's revenue was down 4.7% on a year-over-year basis. As a group, analysts predict that D.R. Horton will post 14.03 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Trading of D.R. Horton

A number of large investors have recently made changes to their positions in DHI. Secure Asset Management LLC grew its position in shares of D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after acquiring an additional 84 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $236,000. True North Advisors LLC purchased a new position in shares of D.R. Horton during the fourth quarter worth about $3,229,000. SG Americas Securities LLC increased its position in D.R. Horton by 215.8% in the 4th quarter. SG Americas Securities LLC now owns 47,984 shares of the construction company's stock valued at $6,709,000 after acquiring an additional 32,791 shares during the period. Finally, Paradiem LLC lifted its position in D.R. Horton by 36.5% during the 4th quarter. Paradiem LLC now owns 43,346 shares of the construction company's stock worth $6,061,000 after acquiring an additional 11,584 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

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.

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