D.R. Horton Inc. (DHI) Coverage Initiated by Analysts at Wells Fargo & Co.
A number of other equities analysts have also weighed in on DHI. JMP Securities reaffirmed a buy rating and set a $36.00 target price on shares of D.R. Horton in a research report on Wednesday, June 15th. Argus started coverage on D.R. Horton in a research report on Friday, June 17th. They set a buy rating and a $39.00 target price on the stock. Credit Suisse Group AG reaffirmed a hold rating on shares of D.R. Horton in a research report on Tuesday, June 28th. 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 report on Monday, July 18th. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $38.00 target price (up from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. D.R. Horton presently has a consensus rating of Hold and an average price target of $32.60.
Shares of D.R. Horton (NYSE:DHI) opened at 30.32 on Wednesday. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The firm’s 50-day moving average is $31.34 and its 200-day moving average is $31.20. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 13.48 and a beta of 1.36.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The firm 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 earned $0.60 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that D.R. Horton will post $2.38 EPS for the current fiscal year.
In related news, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the sale, the director now owns 8,983 shares of the company’s stock, valued at approximately $304,972.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $159,350. The disclosure for this sale can be found here. Insiders own 7.17% of the company’s stock.
Hedge funds have recently modified their holdings of the company. BB&T Securities LLC boosted its stake in shares of D.R. Horton by 596.2% in the first quarter. BB&T Securities LLC now owns 146,752 shares of the company’s stock worth $4,436,000 after buying an additional 125,673 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of D.R. Horton by 211.2% in the first quarter. Canada Pension Plan Investment Board now owns 648,916 shares of the company’s stock worth $19,617,000 after buying an additional 440,400 shares during the period. Credit Agricole S A boosted its stake in shares of D.R. Horton by 4.1% in the first quarter. Credit Agricole S A now owns 67,551 shares of the company’s stock worth $2,042,000 after buying an additional 2,644 shares during the period. Wexford Capital LP bought a new stake in shares of D.R. Horton during the first quarter worth about $4,730,000. Finally, Aviva PLC boosted its stake in shares of D.R. Horton by 2.1% in the first quarter. Aviva PLC now owns 171,466 shares of the company’s stock worth $5,183,000 after buying an additional 3,454 shares during the period. 83.57% of the stock is currently owned by institutional investors and hedge funds.
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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