Wells Fargo & Co Increases D. R. Horton (NYSE:DHI) Price Target to $67.00

D. R. Horton (NYSE:DHI) had its price objective lifted by research analysts at Wells Fargo & Co from $54.00 to $67.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the construction company’s stock. Wells Fargo & Co‘s price objective points to a potential upside of 25.23% from the company’s current price.

A number of other equities research analysts have also recently issued reports on DHI. Barclays boosted their price objective on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Buckingham Research lifted their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research report on Wednesday, July 31st. SunTrust Banks began coverage on shares of D. R. Horton in a research report on Monday, August 12th. They issued a “buy” rating and a $56.00 price target for the company. Finally, JMP Securities lifted their price target on shares of D. R. Horton from $49.00 to $52.00 and gave the company 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 given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.48.

Shares of NYSE:DHI traded down $0.76 during trading on Wednesday, reaching $53.50. 5,404,211 shares of the stock were exchanged, compared to its average volume of 5,357,519. D. R. Horton has a 12 month low of $32.39 and a 12 month high of $55.67. The firm has a market cap of $20.07 billion, a PE ratio of 12.47, a PEG ratio of 1.05 and a beta of 1.01. The stock has a 50-day moving average price of $52.65 and a 200-day moving average price of $47.73. The company has a current ratio of 7.25, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data 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. D. R. Horton had a return on equity of 16.63% and a net margin of 9.20%. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts expect that D. R. Horton will post 4.7 earnings per share for the current fiscal year.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 Securities & Exchange Commission, which is available through this link. 6.87% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Park National Corp OH grew its stake in shares of D. R. Horton by 12.9% during the second quarter. Park National Corp OH now owns 146,269 shares of the construction company’s stock worth $6,308,000 after buying an additional 16,664 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its stake in shares of D. R. Horton by 0.7% in the second quarter. Beese Fulmer Investment Management Inc. now owns 74,532 shares of the construction company’s stock worth $3,215,000 after purchasing an additional 526 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of D. R. Horton by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 37,792 shares of the construction company’s stock worth $1,630,000 after purchasing an additional 1,707 shares during the last quarter. Farmers Trust Co. grew its stake in shares of D. R. Horton by 0.6% in the second quarter. Farmers Trust Co. now owns 87,785 shares of the construction company’s stock worth $3,786,000 after purchasing an additional 548 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its stake in shares of D. R. Horton by 33.8% in the second quarter. Zions Bancorporation N.A. now owns 2,072 shares of the construction company’s stock worth $89,000 after purchasing an additional 523 shares during the last quarter. 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.

See Also: Book Value Per Share – BVPS

The Fly

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

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