Mizuho Analysts Give D. R. Horton (DHI) a $56.00 Price Target
DHI has been the subject of a number of other reports. Bank of America raised their target price on shares of D. R. Horton from $43.00 to $55.00 and gave the stock a buy rating in a report on Friday, October 6th. UBS Group began coverage on shares of D. R. Horton in a research note on Wednesday, October 25th. They issued a buy rating and a $50.00 price objective for the company. Barclays raised their price objective on shares of D. R. Horton from $34.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, November 10th. KeyCorp raised their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a buy rating in a research note on Friday, October 20th. Finally, ValuEngine lowered shares of D. R. Horton from a strong-buy rating to a buy rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. D. R. Horton presently has an average rating of Buy and an average target price of $48.71.
Shares of D. R. Horton (NYSE:DHI) opened at $51.48 on Thursday. The firm has a market cap of $19,360.00, a P/E ratio of 18.79, a P/E/G ratio of 1.47 and a beta of 1.32. D. R. Horton has a 1-year low of $28.03 and a 1-year high of $53.32. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the sale, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael J. Murray sold 7,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.23, for a total transaction of $337,610.00. Following the completion of the sale, the chief operating officer now owns 56,304 shares of the company’s stock, valued at approximately $2,715,541.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,677 shares of company stock valued at $1,410,293. Insiders own 6.74% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton in the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC lifted its position in D. R. Horton by 179.5% in the 2nd 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 in the last quarter. Evercore Wealth Management LLC lifted its position in D. R. Horton by 5.7% in the 2nd 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 in the last quarter. Advisory Services Network LLC lifted its position in D. R. Horton by 131.9% in the 2nd 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 in the last quarter. Finally, Gofen & Glossberg LLC IL purchased a new stake in D. R. Horton in the 4th quarter worth approximately $204,000. Institutional investors own 83.40% of the company’s stock.
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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