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.
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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