D. R. Horton (NYSE:DHI) had its price objective raised by analysts at BTIG Research from $85.00 to $92.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the construction company’s stock. BTIG Research’s target price points to a potential upside of 19.34% from the stock’s current price.

DHI has been the subject of a number of other reports. Royal Bank of Canada lifted their price objective on shares of D. R. Horton from $54.00 to $65.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. JMP Securities lifted their price objective on shares of D. R. Horton from $70.00 to $75.00 in a report on Thursday, July 30th. Citigroup lifted their price objective on shares of D. R. Horton from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays lifted their price objective on shares of D. R. Horton from $73.00 to $81.00 and gave the stock an “overweight” rating in a report on Thursday, September 17th. Finally, Goldman Sachs Group lifted their price objective on shares of D. R. Horton from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.78.

Shares of NYSE:DHI opened at $77.09 on Friday. The firm has a fifty day moving average price of $73.50 and a two-hundred day moving average price of $59.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.82 and a quick ratio of 1.65. D. R. Horton has a one year low of $25.51 and a one year high of $81.21. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.86 and a beta of 1.66.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 28th. The construction company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.42. D. R. Horton had a net margin of 10.82% and a return on equity of 18.53%. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that D. R. Horton will post 5.74 EPS for the current fiscal year.

In other news, VP Aron M. Odom sold 4,800 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $71.45, for a total value of $342,960.00. Following the transaction, the vice president now owns 7,819 shares in the company, valued at $558,667.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael J. Murray sold 54,400 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.38, for a total transaction of $3,937,472.00. Following the completion of the transaction, the chief operating officer now owns 139,939 shares in the company, valued at approximately $10,128,784.82. The disclosure for this sale can be found here. Insiders own 6.96% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Financial Management Professionals Inc. purchased a new position in shares of D. R. Horton during the second quarter valued at approximately $29,000. FIL Ltd increased its stake in shares of D. R. Horton by 248.2% in the second quarter. FIL Ltd now owns 585 shares of the construction company’s stock worth $32,000 after purchasing an additional 417 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of D. R. Horton in the second quarter worth $45,000. Berman Capital Advisors LLC increased its stake in shares of D. R. Horton by 25.9% in the second quarter. Berman Capital Advisors LLC now owns 913 shares of the construction company’s stock worth $50,000 after purchasing an additional 188 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of D. R. Horton by 229.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 998 shares of the construction company’s stock worth $55,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 82.78% of the company’s stock.

About D. R. Horton

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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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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