D.R. Horton (NYSE:DHI) Raised to “Neutral” at Wedbush

D.R. Horton (NYSE:DHI) was upgraded by equities researchers at Wedbush from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, FinViz reports. The brokerage currently has a $165.00 target price on the construction company’s stock. Wedbush’s target price points to a potential downside of 11.82% from the stock’s current price.

Several other research firms have also recently commented on DHI. UBS Group raised their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America boosted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, August 26th. Finally, Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Moderate Buy” and an average price target of $185.67.

D.R. Horton Stock Up 2.3 %

D.R. Horton stock opened at $187.11 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 7.22. D.R. Horton has a one year low of $100.08 and a one year high of $199.85. The company has a 50-day simple moving average of $185.63 and a 200-day simple moving average of $162.99. The firm has a market capitalization of $61.62 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 18th. The construction company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.75 by $0.35. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. D.R. Horton’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.90 EPS. As a group, equities analysts expect that D.R. Horton will post 14.03 earnings per share for the current year.

D.R. Horton declared that its Board of Directors has authorized a share repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the construction company to buy up to 6.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently bought and sold shares of the business. Bfsg LLC lifted its position in D.R. Horton by 70.5% in the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $27,000. RiverPark Advisors LLC acquired a new stake in D.R. Horton during the first quarter valued at $29,000. Riverview Trust Co purchased a new position in D.R. Horton in the first quarter valued at about $30,000. Finally, Signature Resources Capital Management LLC acquired a new position in D.R. Horton in the 2nd quarter worth about $31,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.