Shares of D.R. Horton Inc. (NYSE:DHI) have earned an average recommendation of “Hold” from the twenty brokerages that are covering the company. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $33.50.
A number of equities research analysts have weighed in on the stock. JMP Securities reissued a “buy” rating and set a $36.00 target price on shares of D.R. Horton in a report on Wednesday, June 15th. Bank of America Corp. raised shares of D.R. Horton from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.05 to $36.00 in a report on Tuesday, September 13th. RBC Capital Markets reissued an “outperform” rating and set a $38.00 target price (up from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. Finally, Wells Fargo & Co. assumed coverage on shares of D.R. Horton in a report on Wednesday. They set an “outperform” rating on the stock.
In related news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total transaction of $159,350.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $159,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 3,333 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the transaction, the director now owns 8,983 shares in the company, valued at approximately $304,972.85. The disclosure for this sale can be found here. Corporate insiders own 7.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in D.R. Horton by 5.3% in the second quarter. Macquarie Group Ltd. now owns 304,241 shares of the company’s stock valued at $9,578,000 after buying an additional 15,440 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in D.R. Horton during the second quarter valued at $420,000. Kentucky Retirement Systems acquired a new position in D.R. Horton during the second quarter valued at $884,000. Mason Street Advisors LLC acquired a new position in D.R. Horton during the second quarter valued at $1,400,000. Finally, Optimum Investment Advisors increased its position in D.R. Horton by 16.9% in the second quarter. Optimum Investment Advisors now owns 15,185 shares of the company’s stock valued at $478,000 after buying an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.
Shares of D.R. Horton (NYSE:DHI) opened at 30.20 on Wednesday. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The company has a 50-day moving average of $31.22 and a 200-day moving average of $31.19. The company has a market capitalization of $11.24 billion, a PE ratio of 13.43 and a beta of 1.36.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. On average, analysts anticipate that D.R. Horton will post $2.38 earnings per share for the current year.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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