D.R. Horton (NYSE:DHI) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $129.00 to $115.00 in a report released on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 32.66% from the stock’s current price.
Several other equities analysts also recently issued reports on DHI. Barclays decreased their price objective on shares of D.R. Horton from $114.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, July 15th. BTIG Research dropped their target price on shares of D.R. Horton from $123.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, September 21st. Seaport Res Ptn reiterated a “buy” rating on shares of D.R. Horton in a research report on Monday, July 19th. Citigroup decreased their target price on shares of D.R. Horton from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, September 27th. Finally, Raymond James upgraded shares of D.R. Horton from an “outperform” rating to a “strong-buy” rating and set a $110.00 target price on the stock in a research report on Friday, July 23rd. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $103.06.
Shares of D.R. Horton stock traded up $1.86 during trading hours on Thursday, reaching $86.69. 26,495 shares of the company were exchanged, compared to its average volume of 3,030,124. D.R. Horton has a 1 year low of $64.32 and a 1 year high of $106.89. The stock’s fifty day moving average is $91.01 and its 200 day moving average is $92.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.11 and a current ratio of 6.03. The firm has a market cap of $31.05 billion, a PE ratio of 8.51, a PEG ratio of 0.88 and a beta of 1.64.
In other news, Director Michael W. Hewatt sold 2,342 shares of the stock in a transaction that occurred on Tuesday, July 27th. The shares were sold at an average price of $92.66, for a total transaction of $217,009.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $291,000. Scout Investments Inc. boosted its stake in D.R. Horton by 40.8% in the third quarter. Scout Investments Inc. now owns 477,011 shares of the construction company’s stock valued at $40,055,000 after acquiring an additional 138,169 shares during the last quarter. Chatham Capital Group Inc. bought a new position in D.R. Horton in the third quarter valued at approximately $228,000. IFM Investors Pty Ltd boosted its stake in D.R. Horton by 0.8% in the third quarter. IFM Investors Pty Ltd now owns 45,375 shares of the construction company’s stock valued at $3,810,000 after acquiring an additional 355 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in D.R. Horton by 12.3% in the third quarter. Private Capital Group LLC now owns 4,671 shares of the construction company’s stock valued at $392,000 after acquiring an additional 512 shares during the last quarter. 81.08% of the stock is currently owned by institutional investors and hedge funds.
D.R. Horton Company Profile
D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment includes the sub-segments East, Midwest, Southeast, South Central, Southwest and West regions. The Financial Services segment provides mortgage financing and title agency services to homebuyers in many of its homebuilding markets.
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