D.R. Horton (NYSE:DHI) Price Target Increased to $210.00 by Analysts at JMP Securities

D.R. Horton (NYSE:DHI) had its price target boosted by equities researchers at JMP Securities from $170.00 to $210.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the construction company’s stock. JMP Securities’ target price points to a potential upside of 20.80% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays lowered their price target on shares of D.R. Horton from $176.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, July 12th. UBS Group boosted their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Bank of America lowered their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $172.00 to $178.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, StockNews.com cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.12.

D.R. Horton Trading Up 0.2 %

Shares of DHI stock opened at $173.84 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.38 and a current ratio of 7.22. The stock has a market capitalization of $57.25 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.71. The company has a 50 day moving average price of $145.35 and a 200 day moving average price of $148.31. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $177.47.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 18th. The construction company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.35. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. During the same quarter in the previous year, the business posted $3.90 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that D.R. Horton will post 14.29 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently added to or reduced their stakes in the business. Voss Capital LLC acquired a new stake in D.R. Horton in the 4th quarter valued at about $7,599,000. Handelsbanken Fonder AB grew its stake in D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after acquiring an additional 16,573 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in D.R. Horton in the 1st quarter valued at about $1,249,000. Mirae Asset Global Investments Co. Ltd. grew its stake in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Vinva Investment Management Ltd grew its stake in D.R. Horton by 59.3% in the 4th quarter. Vinva Investment Management Ltd now owns 81,125 shares of the construction company’s stock valued at $12,537,000 after acquiring an additional 30,186 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

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.