Brokerages Set D.R. Horton, Inc. (DHI) Target Price at $44.19
Shares of D.R. Horton, Inc. (NYSE:DHI) have been given an average recommendation of “Buy” by the nineteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $44.19.
Several research firms have recently weighed in on DHI. BidaskClub upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Deutsche Bank AG reiterated a “hold” rating and issued a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. JMP Securities set a $45.00 price target on shares of D.R. Horton and gave the company a “buy” rating in a report on Monday, October 16th. Citigroup Inc. reiterated a “neutral” rating and issued a $42.00 price target (up previously from $34.00) on shares of D.R. Horton in a report on Monday, October 9th. Finally, Zelman & Associates cut shares of D.R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th.
In related news, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the transaction, the director now owns 24,880 shares in the company, valued at $922,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $288,880. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock valued at $1,285,910 in the last 90 days. 7.20% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in D.R. Horton by 0.7% during the second quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock worth $1,213,190,000 after acquiring an additional 253,036 shares in the last quarter. FMR LLC raised its position in D.R. Horton by 3.9% during the second quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after acquiring an additional 446,612 shares in the last quarter. Greenhaven Associates Inc. raised its position in D.R. Horton by 0.5% during the third quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after acquiring an additional 42,642 shares in the last quarter. Dimensional Fund Advisors LP raised its position in D.R. Horton by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after acquiring an additional 306,287 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in D.R. Horton by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 4,846,653 shares of the construction company’s stock worth $167,550,000 after acquiring an additional 164,817 shares in the last quarter. Institutional investors and hedge funds own 80.89% of the company’s stock.
Shares of D.R. Horton (DHI) traded up $0.42 during trading hours on Tuesday, reaching $50.00. 1,366,385 shares of the company’s stock traded hands, compared to its average volume of 4,048,752. D.R. Horton has a 1 year low of $27.15 and a 1 year high of $49.67. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The company has a market capitalization of $18,594.37, a P/E ratio of 18.16, a PEG ratio of 1.40 and a beta of 1.28.
D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the previous year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts forecast that D.R. Horton will post 3.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.125 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.50 annualized dividend and a yield of 1.00%. D.R. Horton’s dividend payout ratio is presently 14.65%.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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.