D.R. Horton (NYSE:DHI) Rating Increased to Buy at StockNews.com

D.R. Horton (NYSE:DHI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

DHI has been the subject of several other research reports. Keefe, Bruyette & Woods raised their target price on D.R. Horton from $142.00 to $148.00 and gave the stock a “market perform” rating in a research report on Thursday. Raymond James reduced their target price on D.R. Horton from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, November 8th. Wells Fargo & Company assumed coverage on D.R. Horton in a report on Tuesday, October 17th. They set an “overweight” rating and a $123.00 price objective on the stock. The Goldman Sachs Group raised D.R. Horton from a “neutral” rating to a “buy” rating and cut their price target for the company from $132.00 to $131.00 in a research note on Monday, October 16th. Finally, Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $121.00 to $116.00 and set an “underperform” rating for the company in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and a consensus price target of $135.71.

D.R. Horton Price Performance

DHI traded up $0.64 during trading on Monday, reaching $128.40. 1,976,985 shares of the stock were exchanged, compared to its average volume of 2,891,543. D.R. Horton has a 1 year low of $80.32 and a 1 year high of $132.30. The company has a market capitalization of $43.44 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.74 and a beta of 1.54. The business’s 50 day moving average price is $110.60 and its two-hundred day moving average price is $115.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.05 and a quick ratio of 0.68.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.47. The firm had revenue of $10.50 billion during the quarter, compared to the consensus estimate of $10.01 billion. D.R. Horton had a return on equity of 21.85% and a net margin of 13.38%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.67 earnings per share. As a group, equities research analysts anticipate that D.R. Horton will post 14.25 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

A number of large investors have recently added to or reduced their stakes in the stock. Clear Street Markets LLC purchased a new position in D.R. Horton during the fourth quarter worth about $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton during the first quarter worth about $28,000. WealthPLAN Partners LLC acquired a new stake in D.R. Horton in the first quarter valued at approximately $31,000. Mascoma Wealth Management LLC raised its holdings in D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in D.R. Horton in the third quarter valued at approximately $33,000. 82.12% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

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 106 markets across 33 states under the names of D.R.