Evercore ISI Has Lowered Expectations for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its target price cut by stock analysts at Evercore ISI from $218.00 to $204.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. Evercore ISI’s target price would indicate a potential upside of 19.92% from the company’s previous close.

A number of other research analysts also recently issued reports on DHI. Wells Fargo & Company dropped their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday. Royal Bank of Canada raised their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research report on Friday, July 19th. Barclays boosted their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. UBS Group raised their price target on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised their target price on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.40.

D.R. Horton Trading Up 1.7 %

NYSE:DHI traded up $2.79 on Wednesday, reaching $170.11. 1,647,118 shares of the stock traded hands, compared to its average volume of 2,466,114. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. D.R. Horton has a 1-year low of $102.23 and a 1-year high of $199.85. The company’s 50 day moving average is $187.63 and its 200-day moving average is $165.12. The firm has a market capitalization of $56.02 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.20 by ($0.28). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 earnings per share. Equities research analysts anticipate that D.R. Horton will post 14.03 EPS for the current fiscal year.

D.R. Horton announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 18th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bfsg LLC boosted its stake in D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after acquiring an additional 74 shares during the last quarter. RiverPark Advisors LLC purchased a new stake in D.R. Horton in the first quarter worth $29,000. Signature Resources Capital Management LLC purchased a new stake in D.R. Horton in the second quarter worth $31,000. Wolff Wiese Magana LLC grew its stake in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. Finally, Grove Bank & Trust increased its holdings in D.R. Horton by 76.2% in the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.