D.R. Horton’s (DHI) “Market Perform” Rating Reiterated at Citizens Jmp

D.R. Horton (NYSE:DHI)‘s stock had its “market perform” rating reissued by research analysts at Citizens Jmp in a research note issued on Wednesday,Benzinga reports.

Several other research analysts have also recently issued reports on DHI. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. UBS Group lowered their price target on shares of D.R. Horton from $195.00 to $191.00 and set a “buy” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company reissued an “equal weight” rating and set a $155.00 price objective (down previously from $180.00) on shares of D.R. Horton in a report on Tuesday. Finally, Bank of America lowered their target price on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.85.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $144.34 on Wednesday. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $184.54. The company has a 50-day moving average price of $148.81 and a 200 day moving average price of $153.26. The company has a market cap of $42.02 billion, a P/E ratio of 12.45, a PEG ratio of 1.74 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 28th. The construction company reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.29 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.44 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.92 EPS. Research analysts predict that D.R. Horton will post 13.04 earnings per share for the current year.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the stock. SteelPeak Wealth LLC lifted its position in shares of D.R. Horton by 65.9% in the 2nd quarter. SteelPeak Wealth LLC now owns 10,051 shares of the construction company’s stock worth $1,296,000 after buying an additional 3,993 shares during the last quarter. Inspire Investing LLC grew its position in shares of D.R. Horton by 787.0% during the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock valued at $2,591,000 after buying an additional 18,086 shares during the last quarter. Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the second quarter worth about $191,491,000. Swedbank AB lifted its holdings in D.R. Horton by 22.8% in the first quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after acquiring an additional 97,467 shares during the last quarter. Finally, RoundAngle Advisors LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $1,703,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.