JMP Securities Reiterates “Market Outperform” Rating for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a note issued to investors on Wednesday,Benzinga reports. They presently have a $210.00 target price on the construction company’s stock. JMP Securities’ price objective suggests a potential upside of 43.92% from the company’s previous close.

A number of other brokerages have also commented on DHI. Wedbush restated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. Evercore ISI reduced their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada dropped their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $175.87.

D.R. Horton Price Performance

NYSE:DHI traded up $2.21 during mid-day trading on Wednesday, hitting $145.91. The company’s stock had a trading volume of 279,697 shares, compared to its average volume of 3,262,149. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $46.81 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.56 and a beta of 1.75. The stock has a fifty day moving average of $151.09 and a 200-day moving average of $169.16.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton will post 13.97 EPS for the current fiscal year.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of D.R. Horton by 2.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 59,245 shares of the construction company’s stock valued at $8,281,000 after purchasing an additional 1,546 shares in the last quarter. RFG Advisory LLC grew its position in D.R. Horton by 47.8% in the fourth quarter. RFG Advisory LLC now owns 1,906 shares of the construction company’s stock worth $267,000 after acquiring an additional 616 shares in the last quarter. Montecito Bank & Trust grew its position in D.R. Horton by 41.2% in the fourth quarter. Montecito Bank & Trust now owns 5,439 shares of the construction company’s stock worth $760,000 after acquiring an additional 1,586 shares in the last quarter. Secure Asset Management LLC grew its position in D.R. Horton by 4.8% in the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after acquiring an additional 84 shares in the last quarter. Finally, Whalen Wealth Management Inc. purchased a new position in D.R. Horton in the fourth quarter worth $236,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.