D.R. Horton Inc. (NYSE:DHI) was upgraded by FBN Securities from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Monday. The firm presently has a $27.50 price objective on the stock, up from their prior price objective of $25.00. FBN Securities’ price objective would suggest a potential downside of 7.09% from the company’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their target price on shares of D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Argus reissued a “buy” rating and set a $39.00 target price on shares of D.R. Horton in a research report on Tuesday, July 26th. Bank of America Corp. lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Friday, July 22nd. JMP Securities reissued a “buy” rating and set a $36.00 target price on shares of D.R. Horton in a research report on Wednesday, June 15th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.28.

Analyst Recommendations for D.R. Horton (NYSE:DHI)

D.R. Horton (NYSE:DHI) opened at 29.60 on Monday. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56. The firm has a market capitalization of $11.02 billion, a P/E ratio of 13.16 and a beta of 1.30. The firm has a 50-day moving average price of $30.91 and a 200-day moving average price of $31.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. The firm earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. D.R. Horton’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. Equities analysts forecast that D.R. Horton will post $2.38 EPS for the current year.

In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $33.95, for a total transaction of $113,155.35. Following the sale, the director now directly owns 8,983 shares of the company’s stock, valued at $304,972.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $159,350. The disclosure for this sale can be found here. 7.17% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Invictus RG boosted its stake in shares of D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock valued at $106,000 after buying an additional 1,609 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock valued at $113,000 after buying an additional 3,192 shares in the last quarter. Creative Planning boosted its stake in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock valued at $128,000 after buying an additional 182 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in shares of D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock valued at $130,000 after buying an additional 18 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

5 Day Chart for NYSE:DHI

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