D. R. Horton (NYSE:DHI) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday.
Other analysts have also issued research reports about the stock. Bank of America boosted their price target on shares of D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 6th. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a research note on Tuesday, September 26th. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of D. R. Horton in a research note on Monday, September 25th. UBS initiated coverage on shares of D. R. Horton in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target for the company. Finally, JMP Securities set a $45.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.06.
D. R. Horton (DHI) traded up $0.45 during trading hours on Thursday, hitting $50.16. 3,927,734 shares of the stock traded hands, compared to its average volume of 4,047,778. The company has a market cap of $18,841.90, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.42 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. D. R. Horton has a 12 month low of $27.21 and a 12 month high of $51.53.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. equities research analysts anticipate that D. R. Horton will post 3.22 EPS for the current fiscal year.
In other D. R. Horton news, Director Bradley S. Anderson sold 10,000 shares of D. R. Horton stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the transaction, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the transaction, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Insiders have sold a total of 51,677 shares of company stock worth $2,262,873 over the last ninety days. Insiders own 7.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Csenge Advisory Group purchased a new position in D. R. Horton during the 3rd quarter worth $237,000. Capital Analysts LLC boosted its holdings in shares of D. R. Horton by 4.4% in the 2nd quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock worth $3,140,000 after buying an additional 3,841 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of D. R. Horton in the 2nd quarter worth about $216,000. Meiji Yasuda Life Insurance Co boosted its holdings in shares of D. R. Horton by 17.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock worth $1,182,000 after buying an additional 5,200 shares during the last quarter. Finally, Goodman Financial Corp boosted its holdings in shares of D. R. Horton by 4.2% in the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after buying an additional 7,593 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
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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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