JMP Securities Lowers D.R. Horton (NYSE:DHI) Price Target to $180.00

D.R. Horton (NYSE:DHI - Get Free Report) had its target price lowered by stock analysts at JMP Securities from $210.00 to $180.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "market outperform" rating on the construction company's stock. JMP Securities' price objective would suggest a potential upside of 43.13% from the company's previous close.

Several other equities research analysts also recently commented on the company. Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday. Citigroup cut their price target on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Royal Bank of Canada reiterated an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $151.15.

D.R. Horton Stock Performance

NYSE DHI traded up $0.97 during midday trading on Monday, hitting $125.76. The company had a trading volume of 261,165 shares, compared to its average volume of 2,926,906. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The stock has a market cap of $39.63 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.61. The firm has a fifty day simple moving average of $126.07 and a two-hundred day simple moving average of $145.93. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion for 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 quarter last year, the company earned $3.52 earnings per share. Equities analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently added to or reduced their stakes in the company. Golden State Equity Partners grew its stake in shares of D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after buying an additional 3,171 shares during the last quarter. Pensionfund Sabic grew its stake in shares of D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after purchasing an additional 4,000 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of D.R. Horton by 10.9% in the fourth quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock worth $3,923,000 after purchasing an additional 2,767 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of D.R. Horton in the third quarter worth about $713,000. Finally, Park National Corp OH grew its stake in shares of D.R. Horton by 8.9% in the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock worth $29,756,000 after purchasing an additional 17,441 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

D.R. Horton Company Profile

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.