D.R. Horton, Inc. (DHI) Given Average Recommendation of “Buy” by Brokerages
Shares of D.R. Horton, Inc. (NYSE:DHI) have received an average recommendation of “Buy” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $36.59.
A number of brokerages have recently issued reports on DHI. BidaskClub lowered shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 target price on shares of D.R. Horton in a research report on Tuesday, June 6th. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 13th. Mizuho began coverage on shares of D.R. Horton in a research report on Tuesday, May 16th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Wedbush raised their target price on shares of D.R. Horton from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, July 17th.
Shares of D.R. Horton (NYSE DHI) opened at 36.09 on Friday. The firm’s 50-day moving average is $35.83 and its 200 day moving average is $33.44. The firm has a market capitalization of $13.51 billion, a PE ratio of 13.52 and a beta of 1.25. D.R. Horton has a 52 week low of $26.69 and a 52 week high of $37.44.
D.R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that D.R. Horton will post $2.78 earnings per share for the current year.
D.R. Horton announced that its board has approved a share repurchase plan on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The firm 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 $0.10 dividend. 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%.
In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the sale, the director now owns 7,316 shares of the company’s stock, valued at $263,595.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in DHI. UBS Asset Management Americas Inc. increased its stake in D.R. Horton by 6.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 832,778 shares of the construction company’s stock worth $22,759,000 after buying an additional 51,157 shares during the period. Teachers Advisors LLC increased its stake in D.R. Horton by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 625,644 shares of the construction company’s stock worth $17,099,000 after buying an additional 16,733 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in D.R. Horton by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 293,135 shares of the construction company’s stock worth $9,764,000 after buying an additional 9,559 shares during the period. Raymond James Trust N.A. acquired a new stake in D.R. Horton during the first quarter worth approximately $339,000. Finally, Gulf International Bank UK Ltd increased its stake in D.R. Horton by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 108,643 shares of the construction company’s stock worth $3,618,000 after buying an additional 1,600 shares during the period. 82.41% of the stock is owned by institutional investors.
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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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