D.R. Horton (NYSE:DHI) Upgraded to “Strong-Buy” at Seaport Res Ptn

D.R. Horton (NYSE:DHI) was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. The Goldman Sachs Group cut their target price on D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and cut their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Performance

Shares of DHI opened at $134.06 on Thursday. The business’s fifty day moving average price is $136.50 and its 200 day moving average price is $161.54. D.R. Horton has a 12-month low of $124.23 and a 12-month high of $199.85. The stock has a market capitalization of $42.25 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that D.R. Horton will post 13.04 EPS for the current year.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd boosted its position in shares of D.R. Horton by 6.6% in the 3rd quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after purchasing an additional 67 shares during the period. Demars Financial Group LLC boosted its position in shares of D.R. Horton by 3.5% in the 3rd quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock valued at $419,000 after purchasing an additional 74 shares during the period. Private Trust Co. NA boosted its position in shares of D.R. Horton by 1.0% in the 3rd quarter. Private Trust Co. NA now owns 7,620 shares of the construction company’s stock valued at $1,454,000 after purchasing an additional 78 shares during the period. Finally, Allworth Financial LP boosted its position in shares of D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds 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.