D.R. Horton (NYSE:DHI) PT Lowered to $79.00 at The Goldman Sachs Group

D.R. Horton (NYSE:DHIGet Rating) had its price target dropped by research analysts at The Goldman Sachs Group from $89.00 to $79.00 in a report issued on Thursday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 17.52% from the company’s current price.

DHI has been the topic of a number of other reports. Credit Suisse Group began coverage on shares of D.R. Horton in a report on Tuesday, April 5th. They set a “neutral” rating and a $89.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating for the company in a report on Wednesday, April 13th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, June 17th. BTIG Research dropped their target price on shares of D.R. Horton from $104.00 to $97.00 in a research report on Monday, June 6th. Finally, Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $103.00 to $89.00 in a research report on Wednesday, April 27th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus price target of $94.81.

Shares of DHI traded up $3.14 during trading hours on Thursday, reaching $67.22. 72,696 shares of the company traded hands, compared to its average volume of 4,092,711. D.R. Horton has a 1-year low of $59.25 and a 1-year high of $110.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 5.95. The stock has a market cap of $23.66 billion, a P/E ratio of 4.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.58. The stock’s fifty day moving average is $70.14 and its 200 day moving average is $82.84.

D.R. Horton (NYSE:DHIGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The construction company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.66. D.R. Horton had a net margin of 16.53% and a return on equity of 32.22%. The company had revenue of $8 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same quarter last year, the business posted $2.53 earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton will post 17.39 EPS for the current year.

In other news, Director Michael W. Hewatt sold 1,948 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $67.97, for a total value of $132,405.56. Following the completion of the transaction, the director now directly owns 5,067 shares in the company, valued at $344,403.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in D.R. Horton by 65.4% during the fourth quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Confluence Wealth Services Inc. purchased a new position in shares of D.R. Horton during the fourth quarter worth approximately $37,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the first quarter worth $28,000. Rosenberg Matthew Hamilton increased its stake in shares of D.R. Horton by 245.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 390 shares of the construction company’s stock worth $42,000 after buying an additional 277 shares during the period. Finally, Sandy Cove Advisors LLC purchased a new position in shares of D.R. Horton in the fourth quarter worth $43,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

About D.R. Horton (Get Rating)

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 31 states and 98 markets under the names of D.R.

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