D. R. Horton (NYSE:DHI) had its price objective lifted by BTIG Research from $78.00 to $85.00 in a research note issued to investors on Wednesday, The Fly reports. They currently have a buy rating on the construction company’s stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently weighed in on DHI. JPMorgan Chase & Co. downgraded shares of D. R. Horton from an overweight rating to a neutral rating and set a $59.00 price target on the stock. in a research note on Thursday, June 11th. Wedbush lifted their price target on shares of D. R. Horton from $57.00 to $66.00 and gave the stock an outperform rating in a research note on Wednesday, July 15th. Royal Bank of Canada lifted their price target on shares of D. R. Horton from $37.00 to $41.00 and gave the stock a sector perform rating in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Cfra upgraded shares of D. R. Horton from a hold rating to a strong-buy rating and lifted their price target for the stock from $51.00 to $55.00 in a research note on Wednesday, May 13th. Finally, Credit Suisse Group began coverage on shares of D. R. Horton in a research note on Wednesday, May 27th. They set an outperform rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. D. R. Horton has an average rating of Buy and a consensus target price of $65.83.
Shares of DHI stock opened at $66.16 on Wednesday. D. R. Horton has a 1 year low of $25.51 and a 1 year high of $70.29. The firm’s fifty day simple moving average is $58.15 and its 200 day simple moving average is $51.69. The firm has a market capitalization of $24.05 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The company has a current ratio of 6.82, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38.
D. R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.42. D. R. Horton had a net margin of 10.82% and a return on equity of 18.53%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. D. R. Horton’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that D. R. Horton will post 4.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be given a dividend of $0.175 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.70 annualized dividend and a yield of 1.06%. D. R. Horton’s dividend payout ratio (DPR) is 16.32%.
In related news, Director Michael W. Hewatt sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $53.45, for a total transaction of $53,450.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $53,450. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 1,833 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $50.81, for a total transaction of $93,134.73. The disclosure for this sale can be found here. 6.96% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. State Street Corp raised its holdings in D. R. Horton by 1.4% during the 1st quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock worth $537,765,000 after purchasing an additional 223,481 shares during the last quarter. Capital World Investors raised its holdings in D. R. Horton by 38.6% during the 1st quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock worth $337,496,000 after purchasing an additional 2,763,163 shares during the last quarter. Geode Capital Management LLC raised its holdings in D. R. Horton by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock worth $213,586,000 after purchasing an additional 407,057 shares during the last quarter. Norges Bank bought a new stake in D. R. Horton during the 4th quarter worth about $179,337,000. Finally, Capital Research Global Investors bought a new stake in D. R. Horton during the 1st quarter worth about $106,232,000. 83.14% of the stock is 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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