Bank of America Corp. upgraded shares of D.R. Horton Inc. (NYSE:DHI) from a neutral rating to a buy rating in a research report report published on Tuesday. Bank of America Corp. currently has $36.00 target price on the stock, up from their previous target price of $35.05.

“relatively small,” but it was a “positive.,” Bank of America Corp.’s analyst wrote.

Several other research firms have also recently commented on DHI. Argus restated a buy rating and issued a $39.00 price target on shares of D.R. Horton in a report on Tuesday, July 26th. RBC Capital Markets restated an outperform rating and issued a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Royal Bank Of Canada lifted their price target on D.R. Horton from $36.00 to $38.00 and gave the company an outperform rating in a report on Monday, July 18th. Credit Suisse Group AG restated a hold rating on shares of D.R. Horton in a report on Tuesday, July 12th. Finally, JMP Securities restated a buy rating and issued a $36.00 price target on shares of D.R. Horton in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. D.R. Horton presently has a consensus rating of Hold and an average target price of $32.35.

Shares of D.R. Horton (NYSE:DHI) opened at 29.97 on Tuesday. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The firm has a market cap of $11.16 billion, a PE ratio of 13.33 and a beta of 1.36. The company has a 50-day moving average of $32.14 and a 200 day moving average of $31.05.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 21st. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The firm earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts expect that D.R. Horton will post $2.38 EPS for the current fiscal year.

In related news, Director Michael R. Buchanan sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $33.80, for a total transaction of $405,600.00. Following the sale, the director now directly owns 12,940 shares of the company’s stock, valued at approximately $437,372. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total value of $159,350.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $159,350. The disclosure for this sale can be found here. 7.17% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Invictus RG raised its stake in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock valued at $106,000 after buying an additional 1,609 shares in the last quarter. MCF Advisors LLC raised its stake in D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock valued at $113,000 after buying an additional 3,192 shares in the last quarter. Creative Planning raised its stake in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock valued at $128,000 after buying an additional 182 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its stake in D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock valued at $130,000 after buying an additional 18 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. 83.57% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

5 Day Chart for NYSE:DHI

Receive News & Ratings for D.R. Horton Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.