A number of other research firms have also recently commented on DHI. Citigroup cut their target price on D. R. Horton from $49.00 to $46.00 and set a neutral rating on the stock in a research report on Wednesday, June 20th. ValuEngine cut D. R. Horton from a hold rating to a sell rating in a research report on Tuesday, October 2nd. KeyCorp set a $54.00 target price on D. R. Horton and gave the stock a buy rating in a research report on Friday, July 27th. Evercore ISI upgraded D. R. Horton from an in-line rating to an outperform rating in a research report on Friday, July 27th. Finally, MKM Partners cut their target price on D. R. Horton to $52.00 and set a neutral rating on the stock in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. D. R. Horton presently has an average rating of Buy and a consensus target price of $53.27.
D. R. Horton stock opened at $37.63 on Tuesday. D. R. Horton has a 1-year low of $37.42 and a 1-year high of $53.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the firm earned $0.76 earnings per share. D. R. Horton’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, analysts anticipate that D. R. Horton will post 4.14 earnings per share for the current fiscal year.
In other news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the sale, the director now owns 11,000 shares in the company, valued at $495,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.74% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Capital Group LLC grew its holdings in shares of D. R. Horton by 2,107.6% during the first quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock worth $115,000 after buying an additional 2,508 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of D. R. Horton by 2,033.5% during the second quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after buying an additional 3,701 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of D. R. Horton during the second quarter worth about $162,000. Hollencrest Capital Management purchased a new position in shares of D. R. Horton during the third quarter worth about $205,000. Finally, Atria Investments LLC purchased a new position in shares of D. R. Horton during the second quarter worth about $214,000. 83.86% of the stock is currently owned by hedge funds and other 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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