D.R. Horton (NYSE:DHI) Price Target Raised to $153.00 at Jefferies Financial Group

D.R. Horton (NYSE:DHI) had its price target boosted by equities research analysts at Jefferies Financial Group from $141.00 to $153.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.60% from the stock’s current price.

Several other research analysts also recently commented on DHI. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Wedbush restated an “underperform” rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday. Barclays lowered their price objective on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday. JMP Securities boosted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Finally, Raymond James boosted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.06.

D.R. Horton Stock Down 2.5 %

NYSE DHI opened at $142.19 on Friday. The company has a current ratio of 7.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. D.R. Horton has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a 50 day moving average of $151.91 and a 200-day moving average of $138.92. The company has a market cap of $47.18 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the previous year, the business earned $2.73 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 over the last 90 days. 1.74% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

Institutional investors have recently bought and sold shares of the company. Evergreen Capital Management LLC boosted its position in D.R. Horton by 53.7% during the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after acquiring an additional 3,489 shares during the last quarter. Voss Capital LLC bought a new stake in D.R. Horton during the fourth quarter valued at $7,599,000. Los Angeles Capital Management LLC boosted its position in D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock valued at $79,884,000 after acquiring an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in D.R. Horton during the third quarter valued at $218,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in D.R. Horton by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company’s stock valued at $10,371,000 after acquiring an additional 7,600 shares during the last quarter. 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.