D.R. Horton (NYSE:DHI) Given New $111.00 Price Target at JPMorgan Chase & Co.

D.R. Horton (NYSE:DHI - Get Free Report) had its target price dropped by analysts at JPMorgan Chase & Co. from $132.00 to $111.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "underweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price target indicates a potential downside of 11.98% from the stock's previous close.

DHI has been the topic of several other reports. Wells Fargo & Company reduced their price target on D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. UBS Group reduced their price target on D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Finally, Bank of America lowered their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $151.15.

D.R. Horton Trading Up 1.1 %

NYSE DHI traded up $1.32 during trading on Monday, hitting $126.11. The company had a trading volume of 369,481 shares, compared to its average volume of 3,821,668. The company's fifty day moving average is $126.07 and its 200-day moving average is $145.93. D.R. Horton has a one year low of $110.44 and a one year high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market cap of $39.74 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the company earned $3.52 earnings per share. On average, sell-side analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHI. Geode Capital Management LLC lifted its holdings in D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock valued at $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the 4th quarter valued at $593,363,000. Franklin Resources Inc. boosted its holdings in D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after buying an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP increased its stake in D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after buying an additional 72,161 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in D.R. Horton by 15.8% during the fourth quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after acquiring an additional 460,804 shares during the period. 90.63% of the stock is currently owned by 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.