JMP Securities Increases D.R. Horton (NYSE:DHI) Price Target to $210.00

D.R. Horton (NYSE:DHI) had its target price raised by JMP Securities from $170.00 to $210.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a market outperform rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group increased their target price on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a hold rating in a report on Friday, April 19th. Wedbush reissued an underperform rating and issued a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Keefe, Bruyette & Woods increased their price objective on shares of D.R. Horton from $172.00 to $178.00 and gave the company an outperform rating in a research report on Tuesday, May 7th. StockNews.com downgraded shares of D.R. Horton from a buy rating to a hold rating in a research report on Thursday, May 23rd. Finally, UBS Group increased their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a buy rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $169.40.

D.R. Horton Price Performance

D.R. Horton stock opened at $173.84 on Friday. The firm has a market cap of $57.25 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.71. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $177.47. The company has a quick ratio of 1.38, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $145.35 and its two-hundred day moving average is $148.31.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 18th. The construction company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.35. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.61 billion. D.R. Horton had a net margin of 13.36% and a return on equity of 20.72%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.90 EPS. On average, research analysts expect that D.R. Horton will post 14.39 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Thursday, August 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 1st. D.R. Horton’s dividend payout ratio (DPR) is 8.17%.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is currently owned by insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $27,000. RiverPark Advisors LLC acquired a new stake in shares of D.R. Horton in the first quarter valued at about $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at about $30,000. Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton in the second quarter valued at about $31,000. Finally, Oakworth Capital Inc. acquired a new position in D.R. Horton during the fourth quarter worth about $38,000. Institutional investors and hedge funds 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.