JMP Securities Increases D. R. Horton (NYSE:DHI) Price Target to $75.00

D. R. Horton (NYSE:DHI) had its target price upped by JMP Securities from $70.00 to $75.00 in a research report sent to investors on Thursday morning, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Cfra upgraded D. R. Horton from a hold rating to a strong-buy rating and upped their target price for the stock from $51.00 to $55.00 in a research note on Wednesday, May 13th. Barclays upped their target price on D. R. Horton from $64.00 to $73.00 and gave the stock an overweight rating in a research note on Wednesday. They noted that the move was a valuation call. Wedbush upped their price target on shares of D. R. Horton from $57.00 to $66.00 and gave the stock an outperform rating in a report on Wednesday, July 15th. Royal Bank of Canada upped their price target 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. Finally, Wells Fargo & Co upped their price target on shares of D. R. Horton from $43.00 to $52.00 and gave the stock an overweight rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $65.83.

NYSE DHI traded up $0.11 on Thursday, hitting $66.16. 5,067,027 shares of the company’s stock were exchanged, compared to its average volume of 3,657,639. The stock has a 50-day moving average of $58.15 and a 200-day moving average of $51.69. The company has a current ratio of 6.82, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. D. R. Horton has a 52 week low of $25.51 and a 52 week high of $70.29. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.96 and a beta of 1.62.

D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.42. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that D. R. Horton will post 4.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.06%. D. R. Horton’s payout ratio is currently 16.32%.

In other D. R. Horton news, Director Michael W. Hewatt sold 1,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total transaction of $53,450.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at approximately $53,450. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.96% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. EPG Wealth Management LLC grew its stake in D. R. Horton by 652.4% in the 1st quarter. EPG Wealth Management LLC now owns 790 shares of the construction company’s stock valued at $27,000 after buying an additional 685 shares in the last quarter. TRUE Private Wealth Advisors boosted its holdings in D. R. Horton by 94.0% in the 1st quarter. TRUE Private Wealth Advisors now owns 836 shares of the construction company’s stock valued at $28,000 after purchasing an additional 405 shares during the period. Financial Management Professionals Inc. bought a new position in D. R. Horton in the 2nd quarter valued at $29,000. Harbor Investment Advisory LLC bought a new stake in shares of D. R. Horton during the 1st quarter worth $31,000. Finally, CWM LLC lifted its holdings in shares of D. R. Horton by 25.1% during the 1st quarter. CWM LLC now owns 1,061 shares of the construction company’s stock worth $36,000 after acquiring an additional 213 shares during the last quarter. 83.14% of the stock is currently owned by institutional investors.

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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