Wells Fargo & Company Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price decreased by research analysts at Wells Fargo & Company from $190.00 to $175.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 23.44% from the company’s current price.

A number of other analysts have also weighed in on the stock. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada lowered their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Tuesday, October 15th. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus target price of $179.60.

D.R. Horton Trading Down 3.4 %

Shares of DHI stock opened at $141.77 on Tuesday. The stock has a market capitalization of $45.48 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 0.57 and a beta of 1.71. The company’s fifty day simple moving average is $168.62 and its two-hundred day simple moving average is $168.97. 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.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company posted $4.45 EPS. As a group, analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was 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 is available through this link. 1.74% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

Several large investors have recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter worth about $1,853,178,000. FMR LLC boosted its position in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after acquiring an additional 561,337 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of D.R. Horton in the 3rd quarter worth approximately $72,672,000. Finally, Banque Pictet & Cie SA lifted its stake in shares of D.R. Horton by 592.4% in the 2nd quarter. Banque Pictet & Cie SA now owns 402,923 shares of the construction company’s stock valued at $56,784,000 after purchasing an additional 344,731 shares during the period. 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.