D.R. Horton (NYSE:DHI) Price Target Raised to $185.00

D.R. Horton (NYSE:DHI) had its target price increased by investment analysts at Argus from $175.00 to $185.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Argus’ target price would indicate a potential upside of 20.42% from the stock’s previous close.

Several other brokerages have also recently issued reports on DHI. Keefe, Bruyette & Woods dropped their price objective on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. The Goldman Sachs Group restated a “buy” rating and issued a $195.00 price target on shares of D.R. Horton in a research report on Tuesday, January 13th. UBS Group reiterated a “buy” rating and set a $193.00 price objective on shares of D.R. Horton in a research report on Tuesday. Wells Fargo & Company set a $158.00 price target on D.R. Horton in a report on Wednesday. Finally, Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Price Performance

D.R. Horton stock traded down $2.11 during midday trading on Friday, reaching $153.63. The company had a trading volume of 161,154 shares, compared to its average volume of 3,866,730. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $184.54. The firm’s fifty day simple moving average is $151.01 and its 200-day simple moving average is $155.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 1.18. The company has a market capitalization of $44.72 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.03 and a beta of 1.42.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton will post 13.04 EPS for the current year.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently made changes to their positions in the stock. Concord Wealth Partners acquired a new position in D.R. Horton during the third quarter worth $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton in the 3rd quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in D.R. Horton during the 3rd quarter worth about $27,000. Sound Income Strategies LLC purchased a new position in D.R. Horton during the 4th quarter valued at about $27,000. Finally, Ameriflex Group Inc. acquired a new position in D.R. Horton in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.