D.R. Horton, Inc. (DHI) PT Raised to $48.00
D.R. Horton, Inc. (NYSE:DHI) had its price target lifted by Citigroup Inc. from $42.00 to $48.00 in a research note issued on Friday. The brokerage presently has a “neutral” rating on the construction company’s stock. Citigroup Inc.’s price target points to a potential upside of 4.35% from the company’s current price.
Other research analysts have also recently issued research reports about the company. BidaskClub upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. KeyCorp reaffirmed a “buy” rating and set a $41.00 target price on shares of D.R. Horton in a report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of D.R. Horton in a report on Monday, September 25th. Wells Fargo & Company reissued an “outperform” rating and issued a $62.00 price objective (up from $41.00) on shares of D.R. Horton in a report on Monday, October 23rd. They noted that the move was a valuation call. Finally, Mizuho reissued a “hold” rating and issued a $38.00 price objective on shares of D.R. Horton in a report on Friday, October 27th. 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 assigned a strong buy rating to the company. D.R. Horton has a consensus rating of “Buy” and a consensus target price of $43.11.
Shares of D.R. Horton (NYSE DHI) opened at $46.00 on Friday. The company has a market capitalization of $17,217.02, a price-to-earnings 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 has a 1 year low of $27.15 and a 1 year high of $46.80.
D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. D.R. Horton’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. analysts expect that D.R. Horton will post 3.15 EPS for the current year.
D.R. Horton declared that its board has authorized a share buyback program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.
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In other D.R. Horton news, Director Bradley S. Anderson sold 10,000 shares of the 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 transaction, the director now directly owns 36,828 shares of the company’s stock, valued at $1,379,576.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $37.06, for a total transaction of $333,540.00. Following the transaction, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $852,580 over the last ninety days. 7.20% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware acquired a new position in D.R. Horton during the second quarter worth $100,000. Tower Research Capital LLC TRC increased its position in D.R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after buying an additional 2,306 shares during the last quarter. Evercore Wealth Management LLC increased its position 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 worth $128,000 after buying an additional 200 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in D.R. Horton by 6.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock worth $129,000 after buying an additional 241 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in D.R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after buying an additional 2,250 shares during the last quarter. 81.97% of the stock is currently owned by hedge funds and other institutional investors.
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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