D. R. Horton (DHI) Cut to Market Perform at Keefe, Bruyette & Woods
A number of other analysts also recently issued reports on DHI. ValuEngine downgraded D. R. Horton from a hold rating to a sell rating in a research note on Wednesday, January 2nd. JMP Securities set a $44.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Wednesday, January 2nd. Buckingham Research began coverage on D. R. Horton in a research note on Friday. They issued a buy rating on the stock. Credit Suisse Group set a $45.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Wednesday, October 17th. Finally, Wedbush set a $43.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Friday, November 9th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $46.87.
Shares of DHI opened at $39.60 on Friday. The company has a market cap of $14.89 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.16. D. R. Horton has a 12-month low of $32.39 and a 12-month high of $52.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.31 and a current ratio of 7.25.
In other news, Chairman Donald R. Horton sold 163,000 shares of D. R. Horton stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $36.08, for a total value of $5,881,040.00. Following the completion of the transaction, the chairman now owns 23,833,899 shares in the company, valued at approximately $859,927,075.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of D. R. Horton stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $34.40, for a total value of $344,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 226,892 shares of company stock valued at $8,206,227. Company insiders own 6.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Scout Investments Inc. purchased a new position in shares of D. R. Horton in the 4th quarter worth approximately $4,950,000. Cerebellum GP LLC purchased a new position in D. R. Horton during the 4th quarter valued at $264,000. Norman Fields Gottscho Capital Management LLC purchased a new position in D. R. Horton during the 4th quarter valued at $219,000. Park National Corp OH boosted its holdings in D. R. Horton by 79.4% during the 4th quarter. Park National Corp OH now owns 127,044 shares of the construction company’s stock valued at $4,403,000 after acquiring an additional 56,238 shares during the period. Finally, J. L. Bainbridge & Co. Inc. boosted its holdings in D. R. Horton by 59.9% during the 3rd quarter. J. L. Bainbridge & Co. Inc. now owns 678,153 shares of the construction company’s stock valued at $28,604,000 after acquiring an additional 253,913 shares during the period. Hedge funds and other institutional investors own 81.58% of the company’s stock.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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