Argus Forecasts Strong Price Appreciation for D.R. Horton (NYSE:DHI) Stock

D.R. Horton (NYSE:DHI) had its price objective increased by research analysts at Argus from $175.00 to $185.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the construction company’s stock. Argus’ price target would indicate a potential upside of 22.94% from the stock’s previous close.

Several other research analysts have also recently issued reports on DHI. BTIG Research set a $182.00 price objective on D.R. Horton in a research note on Wednesday. Royal Bank Of Canada upped their target price on D.R. Horton from $117.00 to $118.00 and gave the company an “underperform” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods reduced their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. Barclays decreased their price objective on shares of D.R. Horton from $132.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Evercore ISI increased their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and a consensus price target of $162.64.

D.R. Horton Trading Down 3.4%

NYSE:DHI opened at $150.48 on Friday. The company has a market capitalization of $43.80 billion, a P/E ratio of 13.67, a PEG ratio of 2.19 and a beta of 1.42. The company has a current ratio of 6.63, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a fifty day simple moving average of $151.18 and a 200-day simple moving average of $155.31.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business posted $2.61 EPS. The firm’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in DHI. Concord Wealth Partners acquired a new stake in D.R. Horton during the third quarter valued at $25,000. Canton Hathaway LLC acquired a new position in shares of D.R. Horton in the third quarter worth about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton in the third quarter worth about $27,000. Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton during the 4th quarter worth about $27,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of D.R. Horton during the 2nd quarter valued at about $29,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.