D. R. Horton (NYSE:DHI) had its price target increased by Credit Suisse Group from $70.00 to $77.00 in a report released on Wednesday, The Fly reports. They currently have an outperform rating on the construction company’s stock.
DHI has been the topic of a number of other reports. Susquehanna Bancshares downgraded D. R. Horton from a positive rating to a neutral rating and upped their price target for the stock from $55.00 to $62.00 in a research note on Tuesday, July 21st. JMP Securities initiated coverage on D. R. Horton in a research note on Tuesday, July 14th. They set an outperform rating and a $70.00 price target on the stock. Cfra raised D. R. Horton from a hold rating to a strong-buy rating and upped their price target for the stock from $51.00 to $55.00 in a research note on Wednesday, May 13th. Citigroup upped their price target on D. R. Horton from $69.00 to $74.00 and gave the stock a buy rating in a research note on Wednesday, July 22nd. Finally, Goldman Sachs Group upped their price target on D. R. Horton from $62.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, July 16th. Two research 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 company. D. R. Horton presently has a consensus rating of Buy and an average price target of $65.83.
Shares of NYSE:DHI opened at $66.16 on Wednesday. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.96 and a beta of 1.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 6.82 and a quick ratio of 1.40. The business’s 50-day moving average is $58.15 and its 200-day moving average is $51.69. D. R. Horton has a 1 year low of $25.51 and a 1 year high of $70.29.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.42. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. Analysts anticipate that D. R. Horton will post 4.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 11th. D. R. Horton’s dividend payout ratio is presently 16.32%.
In other news, Director Michael W. Hewatt sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $53,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.96% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DHI. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of D. R. Horton by 18.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,842 shares of the construction company’s stock valued at $1,706,000 after acquiring an additional 5,674 shares in the last quarter. Janus Henderson Group PLC lifted its stake in D. R. Horton by 52.2% in the fourth quarter. Janus Henderson Group PLC now owns 276,769 shares of the construction company’s stock valued at $14,599,000 after purchasing an additional 94,923 shares during the last quarter. Profund Advisors LLC lifted its stake in D. R. Horton by 4.9% in the fourth quarter. Profund Advisors LLC now owns 6,301 shares of the construction company’s stock valued at $332,000 after purchasing an additional 296 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in D. R. Horton in the fourth quarter valued at approximately $15,797,000. Finally, Pearl River Capital LLC lifted its stake in D. R. Horton by 7,495.0% in the fourth quarter. Pearl River Capital LLC now owns 7,595 shares of the construction company’s stock valued at $401,000 after purchasing an additional 7,495 shares during the last quarter. 83.14% of the stock is owned by institutional investors.
About D. R. Horton
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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