Somewhat Positive Media Coverage Somewhat Unlikely to Affect D. R. Horton (DHI) Share Price
News articles about D. R. Horton (NYSE:DHI) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. D. R. Horton earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 44.8631588178928 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Keep Your Active Eyes on DR Horton, Inc. (DHI) – Wall Street Morning (wallstreetmorning.com)
- May This Data Fuel Up Investor’s Confidence – DR Horton Inc (NYSE: DHI) – Alpha Beta Stock (alphabetastock.com)
- DR Horton, Inc. (DHI) projected to achieve 16.00% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Microsoft, JD.com, XPO Logistics & D.R. Horton (finance.yahoo.com)
DHI has been the topic of several analyst reports. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Bank of America increased their price target on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush upgraded D. R. Horton from a “neutral” rating to an “outperform” rating and increased their price target for the company from $43.44 to $50.00 in a report on Wednesday, March 7th. ValuEngine downgraded D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price target on shares of D. R. Horton in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $52.69.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. D. R. Horton’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. analysts anticipate that D. R. Horton will post 3.82 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were paid a $0.125 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. D. R. Horton’s payout ratio is 18.73%.
In other D. R. Horton news, Director Barbara K. Allen sold 940 shares of D. R. Horton stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total transaction of $40,100.40. Following the sale, the director now owns 6,590 shares in the company, valued at $281,129.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the sale, the director now owns 11,317 shares in the company, valued at approximately $540,613.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 245,602 shares of company stock worth $10,828,080. 7.20% of the stock is currently owned by corporate insiders.
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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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