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

D.R. Horton (NYSE:DHI - Get Free Report) had its target price decreased by equities researchers at JMP Securities from $210.00 to $180.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "market outperform" rating on the construction company's stock. JMP Securities' target price would indicate a potential upside of 44.36% from the stock's previous close.

Several other research firms have also recently weighed in on DHI. Royal Bank of Canada restated an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Seaport Res Ptn raised shares of D.R. Horton from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wedbush reiterated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. BTIG Research lowered their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, Wells Fargo & Company cut their price objective 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. Three equities research 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, D.R. Horton currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Performance

DHI stock traded down $1.35 during trading hours on Monday, hitting $124.69. 3,588,150 shares of the stock were exchanged, 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 market capitalization of $38.30 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a 50-day simple moving average of $125.87 and a two-hundred day simple moving average of $145.10. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI - Get Free Report) last issued 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 for the quarter, compared to analyst estimates 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 prior year, the company earned $3.52 EPS. On average, analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nemes Rush Group LLC increased 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 valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $30,000. Rosenberg Matthew Hamilton increased its position 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 valued at $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton in the fourth quarter worth about $38,000. Finally, Sierra Ocean LLC purchased a new stake in D.R. Horton in the fourth quarter worth about $43,000. 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.