D.R. Horton, Inc. (NYSE:DHI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $185.67.

A number of equities analysts have recently issued reports on DHI shares. Royal Bank of Canada raised their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Evercore ISI raised their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Keefe, Bruyette & Woods upped their price objective on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd.

D.R. Horton Stock Performance

NYSE DHI opened at $194.56 on Friday. The company has a fifty day moving average of $187.21 and a two-hundred day moving average of $163.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $199.85. The company has a market capitalization of $64.07 billion, a PE ratio of 13.24, a P/E/G ratio of 0.78 and a beta of 1.72.

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, beating analysts’ consensus estimates of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. As a group, analysts expect that D.R. Horton will post 14.03 earnings per share for the current year.

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

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently made changes to their positions in the stock. Premier Path Wealth Partners LLC lifted its position in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after acquiring an additional 59 shares during the period. Coldstream Capital Management Inc. grew its holdings in D.R. Horton by 1.2% in the second 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 last quarter. Whittier Trust Co. increased its position 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 buying an additional 63 shares in the last quarter. Values First Advisors Inc. raised its stake in shares of D.R. Horton by 0.7% during the 2nd 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 last quarter. Finally, Studio Investment Management LLC boosted its position in shares of D.R. Horton by 0.3% in the 2nd 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. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.