D.R. Horton, Inc. (NYSE:DHI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $185.67.

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target 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. Barclays boosted their price objective on D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company boosted their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, August 26th. Bank of America boosted their price objective on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after buying an additional 2,474,262 shares during the period. Greenhaven Associates Inc. raised its holdings in D.R. Horton by 2.3% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,669,893 shares of the construction company’s stock valued at $517,198,000 after buying an additional 81,900 shares during the period. Earnest Partners LLC raised its holdings in D.R. Horton by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after buying an additional 9,137 shares during the period. Principal Financial Group Inc. raised its holdings in D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock valued at $233,525,000 after buying an additional 561,337 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in D.R. Horton by 1,761.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after buying an additional 987,834 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Down 1.9 %

D.R. Horton stock opened at $179.24 on Friday. The business has a 50-day simple moving average of $187.89 and a two-hundred day simple moving average of $164.69. The company has a market cap of $59.03 billion, a P/E ratio of 12.20, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton has a 52-week low of $100.81 and a 52-week high of $199.85. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23.

D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Thursday, July 18th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 6.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.