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

D.R. Horton, Inc. (NYSE:DHI) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. One investment 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 12 month price target among brokerages that have covered the stock in the last year is $185.67.

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on D.R. Horton from $168.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JMP Securities increased their target price on D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company raised their target price 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. Evercore ISI upped their price target on D.R. Horton from $191.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC grew its holdings in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after acquiring an additional 74 shares during the period. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $29,000. Riverview Trust Co purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $30,000. Signature Resources Capital Management LLC purchased a new position in shares of D.R. Horton in the second quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $180.38 on Friday. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $187.60 and a 200-day moving average price of $164.25. The company has a market cap of $59.40 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $199.85.

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