Shares of D. R. Horton Inc (NYSE:DHI) have received a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $52.60.

Several research analysts have recently commented on DHI shares. Evercore ISI raised D. R. Horton from an “in-line” rating to an “outperform” rating in a research report on Friday, July 27th. Bank of America set a $65.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, October 11th. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Wedbush boosted their price target on D. R. Horton from $47.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 3rd. Finally, Credit Suisse Group set a $45.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Wednesday.

In related news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $495,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Strs Ohio increased its position in D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after buying an additional 27,373 shares in the last quarter. Raymond James & Associates increased its position in D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock valued at $10,385,000 after buying an additional 21,259 shares in the last quarter. Marco Investment Management LLC increased its position in D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $677,000 after buying an additional 1,900 shares in the last quarter. Investec Asset Management LTD acquired a new position in D. R. Horton during the 2nd quarter valued at about $21,851,000. Finally, Banco de Sabadell S.A increased its position in D. R. Horton by 2.0% during the 2nd quarter. Banco de Sabadell S.A now owns 159,535 shares of the construction company’s stock valued at $6,498,000 after buying an additional 3,138 shares in the last quarter. 83.92% of the stock is currently owned by institutional investors.

Shares of DHI stock traded down $1.46 during mid-day trading on Friday, hitting $35.92. The stock had a trading volume of 4,972,600 shares, compared to its average volume of 4,454,578. D. R. Horton has a 12-month low of $35.72 and a 12-month high of $53.32. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.81 and a beta of 1.08. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Research analysts predict that D. R. Horton will post 4.12 EPS for the current fiscal year.

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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