D.R. Horton (NYSE:DHI) Stock Price Target Raised at Citigroup

D.R. Horton (NYSE:DHI) had its price target lifted by equities research analysts at Citigroup from $150.00 to $152.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup‘s target price indicates a potential downside of 0.57% from the stock’s previous close.

DHI has been the subject of a number of other reports. Bank of America cut their price target on D.R. Horton from $150.00 to $145.00 in a research note on Wednesday, October 7th. Barclays dropped their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $182.00 target price (down from $190.00) on shares of D.R. Horton in a research report on Monday, October 12th. Keefe, Bruyette & Woods decreased their target price on D.R. Horton from $160.00 to $152.00 in a research note on Thursday, October 22nd. Finally, Evercore lowered their price target on D.R. Horton from $171.00 to $166.00 in a report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $152.73.

D.R. Horton Stock Up 4.7%

D.R. Horton stock traded up $6.87 during trading hours on Monday, hitting $152.87. The stock had a trading volume of 1,076,107 shares, compared to its average volume of 2,721,582. The stock’s 50-day moving average price is $140.76 and its 200-day moving average price is $147.70. The stock has a market capitalization of $42.76 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.35. D.R. Horton has a 12-month low of $130.40 and a 12-month high of $170.79. The company has a quick ratio of 0.95, a current ratio of 6.01 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. During the same quarter in the previous year, the company earned $3.04 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that D.R. Horton will post 11.35 EPS for the current fiscal year.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of D.R. Horton during the second quarter valued at $4,067,842,000. Bank of America Corp DE purchased a new stake in D.R. Horton during the second quarter worth $477,358,000. Bank of New York Mellon Corp purchased a new stake in D.R. Horton during the second quarter worth $294,292,000. Legal & General Group Plc bought a new stake in D.R. Horton during the 2nd quarter valued at $280,664,000. Finally, Deutsche Bank AG bought a new stake in D.R. Horton during the 2nd quarter valued at $201,077,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.