D. R. Horton Inc (DHI) Receives $46.65 Average Price Target from Analysts
Shares of D. R. Horton Inc (NYSE:DHI) have earned an average recommendation of “Buy” from the eighteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $47.03.
DHI has been the topic of several research analyst reports. Keefe, Bruyette & Woods downgraded D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Friday, January 11th. ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Credit Suisse Group reaffirmed a “buy” rating and set a $46.00 price objective on shares of D. R. Horton in a research note on Friday, January 11th. Wedbush set a $41.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, JMP Securities raised their price objective on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research note on Tuesday.
D. R. Horton stock traded up $0.29 during mid-day trading on Friday, hitting $43.69. 106,801 shares of the company’s stock were exchanged, compared to its average volume of 6,338,711. The company has a market capitalization of $16.26 billion, a PE ratio of 10.67, a PEG ratio of 0.94 and a beta of 1.24. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $46.91. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.
In other D. R. Horton news, Director Barbara K. Allen sold 1,410 shares of D. R. Horton stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $40.47, for a total value of $57,062.70. Following the sale, the director now owns 7,060 shares of the company’s stock, valued at approximately $285,718.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $40.20, for a total value of $120,600.00. Following the completion of the sale, the director now directly owns 9,000 shares in the company, valued at approximately $361,800. The disclosure for this sale can be found here. Insiders sold a total of 12,666 shares of company stock worth $497,652 in the last three months. Company insiders own 6.87% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PRW Wealth Management LLC acquired a new stake in shares of D. R. Horton in the fourth quarter valued at about $30,000. Sage Capital Advisors llc acquired a new stake in shares of D. R. Horton in the fourth quarter valued at about $31,000. Semmax Financial Advisors Inc. acquired a new stake in shares of D. R. Horton in the fourth quarter valued at about $33,000. JOYN Advisors Inc. increased its position in shares of D. R. Horton by 37.0% in the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after acquiring an additional 268 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of D. R. Horton by 125.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock valued at $38,000 after acquiring an additional 615 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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