JPMorgan Chase & Co. Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI - Get Free Report) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $132.00 to $111.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "underweight" rating on the construction company's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 10.98% from the stock's previous close.

Several other research analysts have also commented on the stock. Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wedbush reissued a "neutral" rating and set a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. UBS Group reduced their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Barclays decreased 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, April 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average target price of $151.15.

D.R. Horton Price Performance

DHI traded down $1.35 during trading on Monday, reaching $124.69. 3,588,150 shares of the company traded hands, compared to its average volume of 2,949,679. D.R. Horton has a 12-month low of $110.44 and a 12-month high of $199.85. The firm has a fifty day simple moving average of $125.87 and a 200 day simple moving average of $145.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $38.30 billion, a P/E ratio of 8.81, a PEG ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last announced 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 firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same period in the previous year, the company posted $3.52 earnings per share. On average, equities analysts forecast that D.R. Horton will post 13.04 EPS for the current year.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC lifted its position in D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth approximately $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the 4th quarter valued at $38,000. Finally, Sierra Ocean LLC purchased a new position in D.R. Horton during the 4th quarter worth $43,000. Hedge funds and other institutional investors own 90.63% of the company's stock.

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.