D.R. Horton, Inc. (DHI) Given New $53.00 Price Target at UBS AG
Other research analysts also recently issued reports about the stock. JMP Securities set a $45.00 price objective on shares of D.R. Horton and gave the company a buy rating in a research report on Monday, October 16th. Bank of America Corporation boosted their target price on shares of D.R. Horton from $43.00 to $55.00 and gave the stock a buy rating in a research report on Friday, October 6th. KeyCorp reissued a buy rating and issued a $41.00 target price on shares of D.R. Horton in a research report on Tuesday, September 26th. Royal Bank of Canada reissued a buy rating and issued a $42.00 target price on shares of D.R. Horton in a research report on Monday, September 25th. Finally, BidaskClub downgraded shares of D.R. Horton from a buy rating to a hold rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $43.11.
Shares of D.R. Horton (NYSE:DHI) traded up $0.01 on Friday, reaching $46.00. 8,271,801 shares of the company were exchanged, compared to its average volume of 4,035,661. D.R. Horton has a 52-week low of $27.15 and a 52-week high of $46.80. The stock has a market capitalization of $17,213.28, a P/E ratio of 16.85, a PEG ratio of 1.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 0.71.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts predict that D.R. Horton will post 3.14 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.125 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, November 30th. D.R. Horton’s dividend payout ratio is currently 14.65%.
D.R. Horton announced that its board has initiated a stock buyback program on Wednesday, July 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In related news, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the completion of the transaction, the director now directly owns 36,828 shares in the company, valued at approximately $1,379,576.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 9,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the transaction, the director now owns 24,880 shares of the company’s stock, valued at $922,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock valued at $852,580. 7.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware acquired a new position in D.R. Horton during the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC raised its stake in D.R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after purchasing an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC raised its stake in D.R. Horton by 5.7% during the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after purchasing an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in D.R. Horton by 6.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock valued at $129,000 after purchasing an additional 241 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in D.R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares during the last quarter. Hedge funds and other institutional investors own 81.97% of the company’s stock.
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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