D.R. Horton (NYSE:DHI) had its price objective boosted by JMP Securities from $75.00 to $100.00 in a report released on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the company. Wedbush lowered D.R. Horton from an outperform rating to a neutral rating in a research note on Friday, August 21st. They noted that the move was a valuation call. Barclays increased their price target on D.R. Horton from $73.00 to $81.00 and gave the stock an overweight rating in a research note on Thursday, September 17th. Smith Barney Citigroup increased their price target on D.R. Horton from $78.00 to $85.00 in a research note on Thursday, November 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on D.R. Horton from $78.00 to $85.00 in a research note on Thursday, November 12th. Finally, Wells Fargo & Company increased their price target on D.R. Horton from $73.00 to $82.00 and gave the stock an overweight rating in a research note on Wednesday, November 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $78.52.

DHI stock opened at $75.00 on Wednesday. The stock has a market capitalization of $27.28 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 0.82 and a beta of 1.78. D.R. Horton has a 12-month low of $25.51 and a 12-month high of $81.21. The company has a current ratio of 2.47, a quick ratio of 0.67 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $73.64 and its 200 day simple moving average is $64.99.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, November 10th. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.48. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $5.89 billion. D.R. Horton had a return on equity of 20.67% and a net margin of 11.69%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS. On average, research analysts predict that D.R. Horton will post 7.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Friday, December 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.07%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, December 3rd. D.R. Horton’s dividend payout ratio (DPR) is presently 11.36%.

A number of hedge funds have recently modified their holdings of the stock. Advisor Partners LLC increased its holdings in D.R. Horton by 6.1% during the third quarter. Advisor Partners LLC now owns 12,190 shares of the construction company’s stock valued at $922,000 after buying an additional 696 shares during the period. Westover Capital Advisors LLC purchased a new position in D.R. Horton during the third quarter valued at approximately $276,000. Rehmann Capital Advisory Group purchased a new position in D.R. Horton during the third quarter valued at approximately $1,043,000. Public Employees Retirement System of Ohio increased its holdings in D.R. Horton by 4.4% during the third quarter. Public Employees Retirement System of Ohio now owns 133,147 shares of the construction company’s stock valued at $10,070,000 after buying an additional 5,648 shares during the period. Finally, Saya Management LP purchased a new position in D.R. Horton during the third quarter valued at approximately $2,753,000. 72.93% of the stock is currently owned by institutional investors.

About D.R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 20 states and 51 markets in the United States under the names of D.R.

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The Fly

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

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