D. R. Horton (NYSE:DHI) Price Target Raised to $56.00 at BTIG Research

D. R. Horton (NYSE:DHI) had its price objective increased by equities researchers at BTIG Research to $56.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the construction company’s stock. BTIG Research’s price target would indicate a potential upside of 19.02% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada set a $43.00 price target on D. R. Horton and gave the company a “hold” rating in a research note on Friday, April 26th. JMP Securities increased their price target on D. R. Horton from $44.00 to $49.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Buckingham Research increased their price target on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp increased their price target on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Barclays raised their price objective on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $48.17.

Shares of NYSE DHI opened at $47.05 on Wednesday. The firm’s fifty day moving average price is $44.63. The company has a current ratio of 6.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.36 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.08 and a beta of 1.12. D. R. Horton has a 1 year low of $32.39 and a 1 year high of $48.02.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.20. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. D. R. Horton had a return on equity of 16.70% and a net margin of 9.26%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $1.18 EPS. On average, analysts predict that D. R. Horton will post 3.95 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new stake in shares of D. R. Horton in the first quarter valued at $25,000. Front Row Advisors LLC lifted its holdings in shares of D. R. Horton by 873.5% in the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after purchasing an additional 725 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new stake in shares of D. R. Horton in the first quarter valued at $37,000. Parallel Advisors LLC lifted its holdings in shares of D. R. Horton by 64.5% in the first quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after purchasing an additional 354 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of D. R. Horton by 268.2% in the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after purchasing an additional 684 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

D. R. Horton Company Profile

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 27 states and 81 markets in the United States under the names of D.R.

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