Analysts Set D.R. Horton, Inc. (NYSE:DHI) Target Price at $185.67

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $185.67.

DHI has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of D.R. Horton from $200.00 to $217.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wells Fargo & Company upped their price objective on shares of D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Keefe, Bruyette & Woods upped their price objective on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada upped their price objective on shares of D.R. Horton from $141.00 to $154.00 and gave the company an “underperform” rating in a research report on Friday, July 19th.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently bought and sold shares of DHI. Massmutual Trust Co. FSB ADV boosted its stake in D.R. Horton by 11.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,053 shares of the construction company’s stock worth $173,000 after purchasing an additional 111 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of D.R. Horton by 29.5% during the first quarter. Ballentine Partners LLC now owns 3,261 shares of the construction company’s stock valued at $537,000 after acquiring an additional 743 shares during the period. CHICAGO TRUST Co NA lifted its stake in shares of D.R. Horton by 5.8% during the first quarter. CHICAGO TRUST Co NA now owns 1,908 shares of the construction company’s stock valued at $314,000 after acquiring an additional 104 shares during the period. Peak Financial Advisors LLC lifted its stake in shares of D.R. Horton by 3.0% during the first quarter. Peak Financial Advisors LLC now owns 18,728 shares of the construction company’s stock valued at $3,082,000 after acquiring an additional 542 shares during the period. Finally, Perkins Coie Trust Co lifted its stake in shares of D.R. Horton by 18.1% during the first quarter. Perkins Coie Trust Co now owns 17,083 shares of the construction company’s stock valued at $2,811,000 after acquiring an additional 2,620 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Up 1.3 %

D.R. Horton stock opened at $182.69 on Friday. The firm has a market cap of $60.16 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30. D.R. Horton has a fifty-two week low of $100.29 and a fifty-two week high of $199.85. The firm has a fifty day moving average price of $187.72 and a two-hundred day moving average price of $164.36.

D.R. Horton declared that its board has approved a share repurchase program on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 6.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

About D.R. Horton

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.