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

D.R. Horton (NYSE:DHI)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a research report issued on Wednesday,Benzinga reports. They presently have a $210.00 target price on the construction company’s stock. JMP Securities’ price target would indicate a potential upside of 43.92% from the stock’s current price.

DHI has been the subject of several other reports. Royal Bank of Canada lowered their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. BTIG Research lowered their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI lowered their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup lowered their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.87.

D.R. Horton Trading Up 1.5 %

NYSE DHI traded up $2.21 during trading on Wednesday, hitting $145.91. 279,697 shares of the company’s stock traded hands, compared to its average volume of 3,262,149. The stock has a fifty day moving average of $151.09 and a two-hundred day moving average of $169.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The firm has a market cap of $46.81 billion, a P/E ratio of 10.12, a PEG ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (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 during the quarter, compared to analyst estimates of $7,120,170 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that D.R. Horton will post 13.97 EPS for the current year.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of D.R. Horton by 2.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 59,245 shares of the construction company’s stock valued at $8,281,000 after buying an additional 1,546 shares during the last quarter. RFG Advisory LLC boosted its holdings 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 purchasing an additional 616 shares during the last quarter. Montecito Bank & Trust boosted its holdings 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 purchasing an additional 1,586 shares during the last quarter. Secure Asset Management LLC boosted its holdings 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 purchasing an additional 84 shares during the last quarter. Finally, Whalen Wealth Management Inc. purchased a new stake in D.R. Horton in the fourth quarter worth approximately $236,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

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