Shares of D. R. Horton Inc (NYSE:DHI) have been assigned an average recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $47.86.

DHI has been the subject of several analyst reports. JMP Securities set a $44.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a report on Wednesday, November 21st. Royal Bank of Canada set a $38.00 target price on shares of D. R. Horton and gave the stock a “hold” rating in a report on Friday, November 9th. Bank of America set a $65.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a report on Thursday, October 11th. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Mizuho set a $40.00 target price on shares of D. R. Horton and gave the stock a “hold” rating in a report on Thursday, November 15th.

In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total value of $486,157.32. Following the completion of the transaction, the chief financial officer now directly owns 145,180 shares in the company, valued at approximately $5,474,737.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd boosted its stake in D. R. Horton by 2,033.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after purchasing an additional 3,701 shares during the period. River Wealth Advisors LLC bought a new position in D. R. Horton in the 3rd quarter worth approximately $160,000. Piedmont Investment Advisors LLC bought a new position in D. R. Horton in the 2nd quarter worth approximately $162,000. Hollencrest Capital Management bought a new position in D. R. Horton in the 3rd quarter worth approximately $205,000. Finally, Hilltop Holdings Inc. bought a new position in D. R. Horton in the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 79.23% of the company’s stock.

Shares of NYSE DHI traded down $0.50 during midday trading on Friday, hitting $36.46. 3,550,562 shares of the company’s stock traded hands, compared to its average volume of 5,646,151. D. R. Horton has a 1 year low of $32.53 and a 1 year high of $53.32. The firm has a market capitalization of $14.35 billion, a P/E ratio of 8.91, a PEG ratio of 0.70 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 7.25 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, equities research analysts anticipate that D. R. Horton will post 4.26 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.65%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s dividend payout ratio is currently 14.67%.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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