Wells Fargo & Company Cuts D.R. Horton (NYSE:DHI) Price Target to $147.00

D.R. Horton (NYSE:DHI) had its price target decreased by equities research analysts at Wells Fargo & Company from $155.00 to $147.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 3.31% from the stock’s current price.

A number of other analysts have also issued reports on DHI. Truist Financial set a $155.00 price target on shares of D.R. Horton and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research note on Monday, December 29th. Evercore lifted their price target on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of D.R. Horton in a research note on Thursday, March 12th. Finally, Bank of America set a $158.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $159.33.

D.R. Horton Stock Up 3.8%

Shares of NYSE:DHI traded up $5.22 during midday trading on Wednesday, reaching $142.29. The company had a trading volume of 2,409,346 shares, compared to its average volume of 3,066,173. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The stock’s fifty day moving average price is $149.75 and its 200-day moving average price is $152.06. The stock has a market capitalization of $41.22 billion, a P/E ratio of 12.92, a PEG ratio of 2.17 and a beta of 1.44. D.R. Horton has a one year low of $110.44 and a one year high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. Equities research analysts expect that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by insiders.

Institutional Trading of D.R. Horton

Several institutional investors have recently added to or reduced their stakes in DHI. Integrated Wealth Concepts LLC increased its stake in D.R. Horton by 23.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock valued at $538,000 after purchasing an additional 803 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in D.R. Horton by 295.5% during the first quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after purchasing an additional 455 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in D.R. Horton during the second quarter valued at $302,000. Brown Advisory Inc. boosted its holdings in shares of D.R. Horton by 3.4% during the second quarter. Brown Advisory Inc. now owns 6,319 shares of the construction company’s stock valued at $815,000 after acquiring an additional 208 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of D.R. Horton by 8.9% during the second quarter. Cerity Partners LLC now owns 34,926 shares of the construction company’s stock valued at $4,503,000 after acquiring an additional 2,859 shares during the period. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.