JMP Securities Issues Pessimistic Forecast for D.R. Horton (NYSE:DHI) Stock Price

D.R. Horton (NYSE:DHI) had its price target reduced by research analysts at JMP Securities from $210.00 to $180.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the construction company’s stock. JMP Securities’ price target indicates a potential upside of 51.17% from the company’s previous close.

Several other research firms have also commented on DHI. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Barclays dropped their price target on shares of D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday. Royal Bank of Canada restated an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Finally, Bank of America lowered their target price on shares of D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $159.85.

D.R. Horton Stock Performance

Shares of NYSE DHI traded down $2.18 during midday trading on Monday, reaching $119.07. 1,090,914 shares of the stock were exchanged, compared to its average volume of 2,907,674. The firm has a 50-day simple moving average of $126.41 and a two-hundred day simple moving average of $146.67. The firm has a market cap of $37.52 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.54 and a beta of 1.61. D.R. Horton has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same quarter in the previous year, the firm posted $3.52 earnings per share. As a group, analysts anticipate that D.R. Horton will post 13.04 EPS for the current fiscal year.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the last quarter. Norges Bank purchased a new stake in D.R. Horton in the 4th quarter worth approximately $593,363,000. Franklin Resources Inc. boosted its holdings in shares of D.R. Horton by 71.5% during the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after purchasing an additional 1,490,648 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in D.R. Horton by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock worth $485,984,000 after buying an additional 72,161 shares during the period. Finally, Northern Trust Corp increased its stake in shares of D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock valued at $471,899,000 after acquiring an additional 460,804 shares during the last quarter. 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.