D.R. Horton (NYSE:DHI) Stock Picked Up by Analysts at Melius Research

Investment analysts at Melius Research began coverage on shares of D.R. Horton (NYSE:DHI) in a research note issued on Tuesday, MarketBeat.com reports. The firm set a “sell” rating and a $128.00 price target on the construction company’s stock. Melius Research’s price objective points to a potential downside of 3.91% from the stock’s current price.

A number of other analysts have also commented on DHI. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Citigroup reaffirmed a “neutral” rating on shares of D.R. Horton in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. The Goldman Sachs Group downgraded shares of D.R. Horton from a “buy” rating to an “overweight” rating in a research report on Thursday, October 1st. Finally, Evercore set a $166.00 target price on shares of D.R. Horton in a report on Friday, September 25th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.36.

D.R. Horton Stock Down 2.6%

Shares of NYSE:DHI opened at $133.21 on Tuesday. The company has a fifty day moving average of $143.21 and a 200-day moving average of $146.50. The company has a market capitalization of $37.26 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton has a 52-week low of $131.75 and a 52-week high of $170.79.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $3.36 EPS. On average, equities analysts predict that D.R. Horton will post 10.45 EPS for the current fiscal year.

Institutional Trading of D.R. Horton

Several institutional investors have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC increased its position in D.R. Horton by 283.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 226 shares of the construction company’s stock valued at $31,000 after purchasing an additional 167 shares during the period. Eastover Investment Advisors LLC lifted its position in shares of D.R. Horton by 1.6% in the 3rd quarter. Eastover Investment Advisors LLC now owns 51,582 shares of the construction company’s stock worth $7,049,000 after purchasing an additional 807 shares during the period. Versant Capital Management Inc boosted its stake in shares of D.R. Horton by 21.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,477 shares of the construction company’s stock valued at $202,000 after purchasing an additional 259 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of D.R. Horton by 4.8% in the 2nd quarter. QRG Capital Management Inc. now owns 106,695 shares of the construction company’s stock valued at $17,378,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of D.R. Horton by 3.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,843 shares of the construction company’s stock worth $1,277,000 after buying an additional 249 shares during the period. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.