D.R. Horton (NYSE:DHI) PT Raised to $100.00 at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHIGet Rating) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $81.00 to $100.00 in a report released on Tuesday, The Fly reports. The brokerage presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 18.34% from the stock’s previous close.

A number of other brokerages also recently commented on DHI. Raymond James raised their price objective on shares of D.R. Horton from $77.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. StockNews.com began coverage on shares of D.R. Horton in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wedbush reduced their price objective on shares of D.R. Horton from $97.00 to $83.00 and set an “outperform” rating for the company in a research report on Monday, October 10th. KeyCorp raised their price objective on shares of D.R. Horton from $84.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Finally, Citigroup raised their price objective on shares of D.R. Horton to $91.00 in a research report on Tuesday, November 15th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.08.

D.R. Horton Price Performance

Shares of DHI opened at $84.50 on Tuesday. D.R. Horton has a fifty-two week low of $59.25 and a fifty-two week high of $110.45. The company has a market capitalization of $29.10 billion, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.88 and a beta of 1.54. The firm has a 50-day simple moving average of $73.97 and a 200-day simple moving average of $72.66. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.47 and a current ratio of 5.92.

D.R. Horton (NYSE:DHIGet Rating) last announced its earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share for the quarter, missing the consensus estimate of $5.09 by ($0.42). D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The business had revenue of $9.64 billion for the quarter, compared to analyst estimates of $9.97 billion. During the same quarter last year, the company posted $3.70 EPS. D.R. Horton’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities research analysts anticipate that D.R. Horton will post 10.18 earnings per share for the current year.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total transaction of $154,940.50. Following the completion of the transaction, the director now directly owns 3,378 shares of the company’s stock, valued at approximately $241,527. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the sale, the vice president now owns 1,724 shares in the company, valued at $144,195.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 2,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $71.50, for a total transaction of $154,940.50. Following the sale, the director now owns 3,378 shares in the company, valued at approximately $241,527. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of D.R. Horton

A number of hedge funds have recently bought and sold shares of DHI. Steward Partners Investment Advisory LLC boosted its position in D.R. Horton by 3.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 9,722 shares of the construction company’s stock worth $724,000 after acquiring an additional 302 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of D.R. Horton by 83.9% in the 1st quarter. Metis Global Partners LLC now owns 5,233 shares of the construction company’s stock valued at $390,000 after purchasing an additional 2,387 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of D.R. Horton by 1.8% in the 1st quarter. Arizona State Retirement System now owns 94,281 shares of the construction company’s stock valued at $7,025,000 after purchasing an additional 1,633 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of D.R. Horton by 6.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 7,027 shares of the construction company’s stock valued at $524,000 after purchasing an additional 451 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC boosted its holdings in shares of D.R. Horton by 4.0% in the 1st quarter. Boyer & Corporon Wealth Management LLC now owns 114,653 shares of the construction company’s stock valued at $8,543,000 after purchasing an additional 4,445 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

D.R. Horton Company Profile

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D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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