D.R. Horton (NYSE:DHI) Earns Market Outperform Rating from JMP Securities

D.R. Horton (NYSE:DHI)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $210.00 price target on the construction company’s stock. JMP Securities’ price objective would indicate a potential upside of 44.58% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group lowered their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their price target on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Wedbush restated a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $174.53.

D.R. Horton Stock Down 1.1 %

DHI opened at $145.25 on Wednesday. The company has a 50 day moving average of $150.81 and a 200 day moving average of $169.01. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market cap of $46.60 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.54 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. D.R. Horton had a return on equity of 18.55% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. On average, sell-side analysts expect that D.R. Horton will post 13.97 EPS for the current year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton in the third quarter worth approximately $1,853,178,000. FMR LLC grew its holdings in D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after acquiring an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC increased its position in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after acquiring an additional 21,073 shares during the period. Smead Capital Management Inc. raised its stake in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of D.R. Horton by 0.4% during the second quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 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.