Wedbush Begins Coverage on D.R. Horton Inc. (DHI)
A number of other research firms also recently commented on DHI. Bank of America Corp. downgraded D.R. Horton from a buy rating to a neutral rating and set a $36.00 price objective on the stock. in a report on Friday, July 22nd. RBC Capital Markets reaffirmed an outperform rating and set a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a hold rating on shares of D.R. Horton in a research report on Tuesday, July 12th. Royal Bank Of Canada upped their target price on D.R. Horton from $36.00 to $38.00 and gave the stock an outperform rating in a research report on Monday, July 18th. Finally, Argus reaffirmed a buy rating and set a $39.00 target price on shares of D.R. Horton in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $32.60.
Shares of D.R. Horton (NYSE:DHI) opened at 30.26 on Monday. The firm’s 50-day moving average is $31.63 and its 200 day moving average is $31.13. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 13.45 and a beta of 1.36. D.R. Horton has a 1-year low of $22.97 and a 1-year high of $34.56.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Equities analysts expect that D.R. Horton will post $2.38 EPS for the current fiscal year.
In other D.R. Horton news, Director Michael R. Buchanan sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $33.80, for a total transaction of $405,600.00. Following the transaction, the director now owns 12,940 shares in the company, valued at $437,372. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $159,350. The disclosure for this sale can be found here. Company insiders own 7.17% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its position in D.R. Horton by 5.3% in the second quarter. Macquarie Group Ltd. now owns 304,241 shares of the company’s stock valued at $9,578,000 after buying an additional 15,440 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in D.R. Horton during the second quarter valued at $420,000. Kentucky Retirement Systems acquired a new position in D.R. Horton during the second quarter valued at $884,000. Mason Street Advisors LLC acquired a new position in D.R. Horton during the second quarter valued at $1,400,000. Finally, Optimum Investment Advisors boosted its position in D.R. Horton by 16.9% in the second quarter. Optimum Investment Advisors now owns 15,185 shares of the company’s stock valued at $478,000 after buying an additional 2,200 shares during the period. Institutional investors and hedge funds own 83.58% of the company’s stock.
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.
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