D.R. Horton (NYSE:DHI) Stock Gets Price Target Cut from Morgan Stanley

D.R. Horton (NYSE:DHI) had its target price lowered by stock analysts at Morgan Stanley from $151.00 to $130.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Morgan Stanley‘s price objective would suggest a potential downside of 10.71% from the company’s previous close.

A number of other research analysts have also commented on the company. BTIG Research reissued a “buy” rating and set a $174.00 price target (down from $184.00) on shares of D.R. Horton in a report on Tuesday, September 22nd. Melius Research started coverage on shares of D.R. Horton in a research report on Tuesday, October 6th. They issued a “sell” rating and a $128.00 target price for the company. Truist Financial lowered their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, September 16th. Royal Bank Of Canada reduced their price target on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating for the company in a research note on Friday. Finally, Evercore lowered their price objective on shares of D.R. Horton from $171.00 to $166.00 in a research note on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.33.

D.R. Horton Stock Performance

DHI stock traded down $7.33 during midday trading on Tuesday, reaching $145.60. The company had a trading volume of 720,411 shares, compared to its average volume of 2,723,911. The firm has a market capitalization of $40.72 billion, a PE ratio of 14.35, a P/E/G ratio of 2.23 and a beta of 1.35. The stock has a 50 day moving average price of $140.85 and a 200 day moving average price of $147.66. D.R. Horton has a fifty-two week low of $130.40 and a fifty-two week high of $170.79. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same period last year, the business posted $3.04 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Analysts anticipate that D.R. Horton will post 11.35 earnings per share for the current year.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in D.R. Horton during the second quarter worth about $4,067,842,000. Bank of America Corp DE acquired a new position in D.R. Horton during the second quarter valued at approximately $477,358,000. Bank of New York Mellon Corp bought a new position in D.R. Horton in the second quarter valued at approximately $294,292,000. Legal & General Group Plc acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $280,664,000. Finally, Deutsche Bank AG acquired a new position in shares of D.R. Horton during the 2nd quarter worth approximately $201,077,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.