D.R. Horton (NYSE:DHI – Get Free Report) was upgraded by Stonex Financia to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.
Several other analysts have also issued reports on the company. Royal Bank Of Canada cut their price objective on D.R. Horton from $125.00 to $119.00 and set an “underperform” rating for the company in a report on Thursday. Truist Financial reduced their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, September 16th. Evercore set a $166.00 target price on D.R. Horton in a research note on Friday, September 25th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $182.00 target price on shares of D.R. Horton in a research report on Monday, October 12th. Finally, Weiss Ratings raised D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average target price of $156.36.
View Our Latest Stock Analysis on D.R. Horton
D.R. Horton Stock Down 0.2%
DHI stock traded down $0.35 during midday trading on Thursday, reaching $139.20. The company had a trading volume of 3,349,658 shares, compared to its average volume of 3,245,182. D.R. Horton has a 1 year low of $130.40 and a 1 year high of $170.79. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $38.93 billion, a P/E ratio of 13.24, a PEG ratio of 2.17 and a beta of 1.35. The company has a 50 day moving average of $141.57 and a two-hundred day moving average of $146.42.
D.R. Horton (NYSE:DHI – Get Free Report) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.18. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the business posted $3.36 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton will post 10.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On D.R. Horton
A number of institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. boosted its stake in D.R. Horton by 4.0% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,093 shares of the construction company’s stock valued at $4,267,000 after purchasing an additional 1,206 shares during the period. Pension & Wealth Management Advisors Inc. bought a new stake in D.R. Horton in the 3rd quarter valued at $28,000. Annex Advisory Services LLC boosted its holdings in D.R. Horton by 29.6% in the 3rd quarter. Annex Advisory Services LLC now owns 4,720 shares of the construction company’s stock valued at $645,000 after purchasing an additional 1,078 shares during the period. Franchise GP Ltd boosted its holdings in D.R. Horton by 46.4% in the 3rd quarter. Franchise GP Ltd now owns 1,577 shares of the construction company’s stock valued at $215,000 after purchasing an additional 500 shares during the period. Finally, V Square Quantitative Management LLC grew its position in D.R. Horton by 6.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,780 shares of the construction company’s stock worth $1,063,000 after purchasing an additional 496 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.
About D.R. Horton
D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.
The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.
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