D.R. Horton Inc. (NYSE:DHI) – Equities research analysts at Wedbush issued their FY2016 earnings per share (EPS) estimates for shares of D.R. Horton in a report released on Monday. Wedbush analyst J. Mccanless expects that the firm will post earnings of $2.48 per share for the year. Wedbush currently has a “Outperform” rating and a $36.00 target price on the stock. Wedbush also issued estimates for D.R. Horton’s Q4 2016 earnings at $0.87 EPS, Q1 2017 earnings at $0.43 EPS, Q2 2017 earnings at $0.56 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.99 EPS and FY2017 earnings at $2.72 EPS.
DHI has been the subject of several other research reports. Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Bank of America Corp. lowered D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday, July 22nd. Royal Bank Of Canada upped their target price on D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, July 18th. Finally, Argus began coverage on D.R. Horton in a research note on Friday, June 17th. They issued a “buy” rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.60.
Shares of D.R. Horton (NYSE:DHI) opened at 30.61 on Wednesday. The firm has a market cap of $11.40 billion, a P/E ratio of 13.61 and a beta of 1.36. The stock’s 50 day moving average is $31.58 and its 200 day moving average is $31.12. D.R. Horton has a 12 month low of $22.97 and a 12 month high of $34.56.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS.
In related news, Director Barbara K. Allen sold 3,333 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 8,983 shares in the company, valued at $304,972.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total value of $159,350.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The disclosure for this sale can be found here. Corporate insiders own 7.17% of the company’s stock.
Several institutional investors have recently made changes to their positions in DHI. Invictus RG increased its position in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares during the period. MCF Advisors LLC increased its position in D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares during the period. Creative Planning increased its position in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the period. Mckinley Capital Management LLC Delaware increased its position in D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock worth $130,000 after buying an additional 18 shares during the period. Finally, Acrospire Investment Management LLC increased its position in D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $132,000 after buying an additional 1,100 shares during the period. Institutional investors own 83.58% of the company’s stock.
About D.R. Horton
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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