Wedbush Begins Coverage on D.R. Horton Inc. (DHI)
A number of other equities analysts have also recently issued reports on the company. Bank of America Corp. raised D.R. Horton from a neutral rating to a buy rating and upped their target price for the stock from $35.05 to $36.00 in a report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a hold rating on shares of D.R. Horton in a report on Tuesday, June 28th. JMP Securities reaffirmed a buy rating and issued a $36.00 target price on shares of D.R. Horton in a report on Wednesday, June 15th. Argus reaffirmed a buy rating and issued a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. Finally, 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 report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $32.60.
D.R. Horton (NYSE:DHI) opened at 30.26 on Monday. The company has a market cap of $11.27 billion, a PE ratio of 13.45 and a beta of 1.36. D.R. Horton has a 12-month low of $22.97 and a 12-month high of $34.56. The stock’s 50 day moving average price is $31.63 and its 200 day moving average price is $31.13.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results 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 company earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. D.R. Horton’s revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton will post $2.38 EPS for the current year.
In other D.R. Horton news, Director Michael R. Buchanan sold 12,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $33.80, for a total value 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 filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total value of $113,155.35. Following the completion of the transaction, the director now owns 8,983 shares in the company, valued at approximately $304,972.85. The disclosure for this sale can be found here. 7.17% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Invictus RG raised its position in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares in the last quarter. MCF Advisors LLC raised its position in D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares in the last quarter. Creative Planning raised its position in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares in the last quarter. Mckinley Capital Management LLC Delaware raised its position 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 worth $130,000 after buying an additional 18 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its position 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 worth $132,000 after buying an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.
About D.R. Horton
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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