BTIG Research Increases D. R. Horton (NYSE:DHI) Price Target to $67.00

D. R. Horton (NYSE:DHI) had its price objective upped by stock analysts at BTIG Research from $62.00 to $67.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the construction company’s stock. BTIG Research’s target price would suggest a potential upside of 25.23% from the stock’s previous close.

A number of other brokerages have also issued reports on DHI. Seaport Global Securities assumed coverage on D. R. Horton in a research report on Friday, August 23rd. They set a “buy” rating and a $59.00 target price on the stock. Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a research report on Wednesday, July 31st. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Barclays boosted their target price on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, JMP Securities boosted their target price on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $52.48.

Shares of DHI traded down $0.76 during midday trading on Wednesday, reaching $53.50. The stock had a trading volume of 5,404,211 shares, compared to its average volume of 5,357,519. D. R. Horton has a 52 week low of $32.39 and a 52 week high of $55.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.25 and a quick ratio of 0.94. The firm’s 50 day moving average price is $52.65 and its 200-day moving average price is $47.73. The company has a market capitalization of $20.07 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.05 and a beta of 1.01.

D. R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.10. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $4.86 billion. D. R. Horton had a return on equity of 16.63% and a net margin of 9.20%. D. R. Horton’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.22 earnings per share. On average, equities analysts forecast that D. R. Horton will post 4.7 earnings per share for the current year.

In other news, Director Michael W. Hewatt sold 7,000 shares of D. R. Horton stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total transaction of $346,150.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.87% of the company’s stock.

Several hedge funds have recently modified their holdings of DHI. NuWave Investment Management LLC grew its stake in D. R. Horton by 97.7% in the third quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock valued at $36,000 after purchasing an additional 341 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in D. R. Horton in the third quarter valued at about $39,000. Cornerstone Advisors Inc. grew its stake in D. R. Horton by 268.2% in the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after purchasing an additional 684 shares in the last quarter. Ibex Wealth Advisors purchased a new position in D. R. Horton in the second quarter valued at about $41,000. Finally, Motco purchased a new position in D. R. Horton in the second quarter valued at about $41,000. Institutional investors and hedge funds own 86.78% of the company’s stock.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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