ValuEngine Upgrades D. R. Horton (DHI) to Hold
ValuEngine upgraded shares of D. R. Horton (NYSE:DHI) from a sell rating to a hold rating in a research report report published on Thursday.
A number of other research analysts have also weighed in on DHI. Bank of America set a $65.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research note on Thursday, October 11th. BTIG Research dropped their price objective on shares of D. R. Horton to $52.00 and set a buy rating on the stock in a research note on Friday, November 9th. Wells Fargo & Co dropped their price objective on shares of D. R. Horton from $62.00 to $48.00 and set an outperform rating on the stock in a research note on Monday, November 12th. Wedbush set a $43.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research note on Friday, November 9th. Finally, Credit Suisse Group set a $45.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research note on Wednesday, October 17th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $47.86.
NYSE DHI traded up $0.74 on Thursday, hitting $37.70. 43,060 shares of the company were exchanged, compared to its average volume of 6,037,877. The firm has a market cap of $14.08 billion, a PE ratio of 9.10, a P/E/G ratio of 0.69 and a beta of 1.25. D. R. Horton has a 12 month low of $32.53 and a 12 month high of $53.32. The company has a quick ratio of 1.31, a current ratio of 7.25 and a debt-to-equity ratio of 0.35.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a dividend of $0.15 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.
In related news, CFO Bill W. Wheat sold 12,892 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $37.71, for a total transaction of $486,157.32. Following the transaction, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Janney Montgomery Scott LLC increased its holdings in D. R. Horton by 60.4% during the second quarter. Janney Montgomery Scott LLC now owns 22,256 shares of the construction company’s stock worth $913,000 after buying an additional 8,377 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in D. R. Horton during the second quarter worth about $162,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in D. R. Horton during the second quarter worth about $1,714,000. Jennison Associates LLC purchased a new stake in D. R. Horton during the second quarter worth about $680,000. Finally, Virginia Retirement Systems ET AL increased its holdings in D. R. Horton by 58.1% during the second quarter. Virginia Retirement Systems ET AL now owns 277,700 shares of the construction company’s stock worth $11,386,000 after buying an additional 102,100 shares during the last quarter. 79.23% of the stock is currently owned by institutional investors.
About D. R. Horton
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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