D. R. Horton (DHI) Price Target Increased to $62.00 by Analysts at BTIG Research
Other research analysts have also issued reports about the stock. Bank of America raised their price target on shares of D. R. Horton from $43.00 to $55.00 and gave the company a buy rating in a research report on Friday, October 6th. KeyCorp reissued a buy rating and set a $41.00 price target on shares of D. R. Horton in a research report on Tuesday, September 26th. Royal Bank of Canada reaffirmed a buy rating and issued a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. UBS started coverage on shares of D. R. Horton in a research report on Wednesday, October 25th. They issued a buy rating and a $50.00 price objective on the stock. Finally, JMP Securities set a $45.00 price objective on shares of D. R. Horton and gave the stock a buy rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $45.94.
D. R. Horton (NYSE:DHI) traded up $0.24 on Thursday, hitting $50.58. 6,087,700 shares of the company were exchanged, compared to its average volume of 4,045,789. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. D. R. Horton has a one year low of $27.21 and a one year high of $51.53. The company has a market capitalization of $18,680.63, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.55 and a beta of 1.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.125 dividend. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. This represents a $0.50 annualized dividend and a yield of 0.99%. D. R. Horton’s payout ratio is currently 18.32%.
In other news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at $287,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. In the last three months, insiders sold 28,677 shares of company stock worth $1,410,293. Insiders own 7.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its position in shares of D. R. Horton by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after purchasing an additional 37 shares during the period. First Allied Advisory Services Inc. raised its position in shares of D. R. Horton by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after purchasing an additional 42 shares during the period. Ameritas Investment Partners Inc. grew its stake in D. R. Horton by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after acquiring an additional 111 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in D. R. Horton by 0.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,392 shares of the construction company’s stock valued at $878,000 after acquiring an additional 186 shares in the last quarter. Finally, Evercore Wealth Management LLC grew its stake in D. R. Horton by 5.7% during the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after acquiring an additional 200 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.
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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.
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