Brokerages Set D.R. Horton Inc. (NYSE:DHI) PT at $33.42
Shares of D.R. Horton Inc. (NYSE:DHI) have received an average rating of “Hold” from the twenty ratings firms that are presently covering the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $33.50.
DHI has been the topic of a number of analyst reports. Bank of America Corp. raised D.R. Horton from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $35.05 to $36.00 in a research report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. 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 reaffirmed a “buy” rating and set a $39.00 target price on shares of D.R. Horton in a research report on Tuesday, July 26th. Finally, Wedbush initiated coverage on D.R. Horton in a research report on Monday, September 19th. They set an “outperform” rating and a $36.00 target price on the stock.
In other news, Director Michael W. Hewatt sold 5,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $159,350. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 12,000 shares of D.R. Horton stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $33.80, for a total value of $405,600.00. Following the sale, the director now directly owns 12,940 shares in the company, valued at approximately $437,372. The disclosure for this sale can be found here. Insiders own 7.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in D.R. Horton by 5.3% in the first quarter. Geode Capital Management LLC now owns 2,746,802 shares of the company’s stock worth $82,871,000 after buying an additional 139,261 shares during the period. Underhill Investment Management LLC purchased a new stake in shares of D.R. Horton during the second quarter valued at approximately $10,588,000. Capstone Asset Management Co. boosted its stake in shares of D.R. Horton by 8.9% in the second quarter. Capstone Asset Management Co. now owns 43,348 shares of the company’s stock valued at $1,365,000 after buying an additional 3,552 shares during the last quarter. Boston Advisors LLC boosted its stake in shares of D.R. Horton by 0.8% in the second quarter. Boston Advisors LLC now owns 570,483 shares of the company’s stock valued at $17,959,000 after buying an additional 4,747 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in shares of D.R. Horton by 94.9% in the first quarter. AMP Capital Investors Ltd now owns 285,387 shares of the company’s stock valued at $8,610,000 after buying an additional 138,957 shares during the last quarter. 83.57% of the stock is currently owned by institutional investors.
Shares of D.R. Horton (NYSE:DHI) opened at 30.20 on Wednesday. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 13.43 and a beta of 1.36. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The firm has a 50-day moving average price of $31.22 and a 200 day moving average price of $31.19.
D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The business 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 company earned $0.60 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts forecast that D.R. Horton will post $2.38 earnings per share for the current fiscal year.
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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