D.R. Horton (DHI) Earns Daily Media Impact Rating of 0.21
Headlines about D.R. Horton (NYSE:DHI) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. D.R. Horton earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.3297363093781 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Dr Horton Inc Shares Up 19.5% Since SmarTrend’s Buy Recommendation (DHI) (mysmartrend.com)
- DR Horton, Inc. (DHI) Holdings Decreased by Neuberger Berman Group LLC (expressnewsline.com)
- See what the IHS Markit Score report has to say about D.R. Horton Inc. (finance.yahoo.com)
- SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Forestar Group Inc. – FOR (finance.yahoo.com)
- Zacks: Analysts Anticipate D.R. Horton, Inc. (DHI) Will Announce Quarterly Sales of $4.15 Billion (americanbankingnews.com)
D.R. Horton (NYSE DHI) traded down 1.32% during mid-day trading on Thursday, reaching $35.89. The company’s stock had a trading volume of 2,472,436 shares. D.R. Horton has a 12 month low of $26.69 and a 12 month high of $37.44. The stock’s 50 day moving average is $35.75 and its 200 day moving average is $33.38. The company has a market cap of $13.43 billion, a price-to-earnings ratio of 13.45 and a beta of 1.25.
D.R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the business earned $0.66 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts predict that D.R. Horton will post $2.78 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Monday, August 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.04%.
D.R. Horton declared that its Board of Directors has initiated a share buyback program on Wednesday, July 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Several analysts have weighed in on DHI shares. Wedbush reiterated an “outperform” rating and set a $36.00 target price on shares of D.R. Horton in a research note on Thursday, April 13th. Credit Suisse Group began coverage on shares of D.R. Horton in a report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price target for the company. Deutsche Bank AG reissued a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. Raymond James Financial, Inc. raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Friday, June 30th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $41.00 price target (up previously from $39.00) on shares of D.R. Horton in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. D.R. Horton presently has an average rating of “Buy” and an average price target of $36.59.
In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $36.03, for a total transaction of $60,025.98. Following the transaction, the director now owns 7,316 shares in the company, valued at $263,595.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.20% of the stock is currently owned by company insiders.
About D.R. Horton
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.
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