JMP Securities Increases D.R. Horton (NYSE:DHI) Price Target to $115.00

D.R. Horton (NYSE:DHI – Get Rating) had its target price boosted by equities researchers at JMP Securities from $95.00 to $115.00 in a note issued to investors on Wednesday, The Fly reports. JMP Securities’ price target suggests a potential upside of 18.56% from the stock’s current price.

DHI has been the subject of several other reports. The Goldman Sachs Group boosted their target price on D.R. Horton from $98.00 to $99.00 in a research note on Tuesday. StockNews.com started coverage on D.R. Horton in a research report on Wednesday, October 12th. They set a “hold” rating for the company. BTIG Research upped their price objective on D.R. Horton from $90.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 6th. Oppenheimer started coverage on D.R. Horton in a research report on Wednesday, January 18th. They set a “market perform” rating for the company. Finally, KeyCorp upped their price objective on D.R. Horton from $84.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.69.

D.R. Horton Price Performance

DHI stock opened at $97.00 on Wednesday. D.R. Horton has a 12-month low of $59.25 and a 12-month high of $98.93. The company has a market capitalization of $33.42 billion, a PE ratio of 5.86, a P/E/G ratio of 0.65 and a beta of 1.49. The company has a current ratio of 5.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average price is $88.79 and its 200 day moving average price is $79.13.

D.R. Horton (NYSE:DHI – Get Rating) last released its earnings results on Tuesday, January 24th. The construction company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.24 by $0.52. D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the firm posted $3.17 EPS. D.R. Horton’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that D.R. Horton will post 9.46 EPS for the current year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the completion of the sale, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the completion of the sale, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the sale, the vice president now directly owns 1,724 shares of the company’s stock, valued at $144,195.36. The disclosure for this sale can be found here. Insiders sold a total of 33,770 shares of company stock valued at $3,011,976 in the last ninety days. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently modified their holdings of DHI. Greenhaven Associates Inc. raised its stake in shares of D.R. Horton by 421.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,803,532 shares of the construction company’s stock worth $251,756,000 after buying an additional 3,074,147 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 34.4% during the 2nd quarter. Franklin Resources Inc. now owns 6,322,186 shares of the construction company’s stock worth $418,465,000 after buying an additional 1,618,629 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of D.R. Horton by 46.9% during the 2nd quarter. Parnassus Investments LLC now owns 3,206,083 shares of the construction company’s stock worth $212,211,000 after buying an additional 1,022,921 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of D.R. Horton by 82.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 2,057,494 shares of the construction company’s stock worth $138,572,000 after acquiring an additional 932,649 shares during the period. Finally, Echo Street Capital Management LLC grew its holdings in shares of D.R. Horton by 40.6% in the 2nd quarter. Echo Street Capital Management LLC now owns 2,522,883 shares of the construction company’s stock worth $166,990,000 after acquiring an additional 728,450 shares during the period. 84.87% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

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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 106 markets across 33 states under the names of D.R.