D.R. Horton (NYSE:DHI) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of D.R. Horton (NYSE:DHI) from an underperform rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat reports. Wedbush currently has $165.00 price target on the construction company’s stock.

A number of other research analysts have also commented on DHI. Evercore ISI increased their price objective on D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. boosted their price objective on D.R. Horton from $163.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. Barclays boosted their price target on shares of D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Citigroup cut shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and an average target price of $185.67.

D.R. Horton Stock Up 1.9 %

Shares of NYSE:DHI opened at $194.56 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The firm has a market cap of $64.07 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $199.85. The company’s 50-day moving average price is $187.21 and its two-hundred day moving average price is $163.78.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.90 earnings per share. As a group, research analysts forecast that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Trading of D.R. Horton

Several hedge funds have recently bought and sold shares of the stock. Premier Path Wealth Partners LLC increased its position in shares of D.R. Horton by 1.0% during the second quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of D.R. Horton by 1.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after purchasing an additional 60 shares during the period. Whittier Trust Co. lifted its holdings in shares of D.R. Horton by 1.7% in the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares in the last quarter. Values First Advisors Inc. boosted its position in shares of D.R. Horton by 0.7% during the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock worth $1,251,000 after buying an additional 66 shares during the period. Finally, Studio Investment Management LLC grew its holdings in shares of D.R. Horton by 0.3% during the second quarter. Studio Investment Management LLC now owns 23,770 shares of the construction company’s stock worth $3,350,000 after buying an additional 70 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

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.