D.R. Horton Inc. (DHI) Stock Rating Reaffirmed by Wedbush
D.R. Horton Inc. (NYSE:DHI)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Tuesday. They presently have a $36.00 price target on the stock. Wedbush’s target price suggests a potential upside of 30.72% from the company’s current price.
A number of other research analysts also recently commented on DHI. Credit Suisse Group AG restated a “hold” rating on shares of D.R. Horton in a research note on Tuesday, July 12th. Royal Bank Of Canada boosted their target price on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. RBC Capital Markets restated an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Bank of America Corp. downgraded D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Friday, July 22nd. Finally, Argus reiterated a “buy” rating and set a $39.00 price target on shares of D.R. Horton in a research note on Tuesday, July 26th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.70.
Shares of D.R. Horton (NYSE:DHI) opened at 27.54 on Tuesday. The firm’s 50-day moving average price is $29.31 and its 200 day moving average price is $30.91. The stock has a market capitalization of $10.25 billion, a P/E ratio of 12.25 and a beta of 1.17. D.R. Horton has a 12-month low of $22.97 and a 12-month high of $34.56.
D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by $0.02. D.R. Horton had a net margin of 7.29% and a return on equity of 14.25%. The firm earned $3.70 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts predict that D.R. Horton will post $2.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be issued a $0.10 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 23rd. This represents a $0.40 annualized dividend and a yield of 1.45%. D.R. Horton’s dividend payout ratio is 13.62%.
In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.17% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of DHI. Emerald Acquisition Ltd. purchased a new position in D.R. Horton during the second quarter valued at approximately $132,964,000. Boston Partners boosted its position in D.R. Horton by 96.7% in the second quarter. Boston Partners now owns 5,862,356 shares of the company’s stock valued at $184,547,000 after buying an additional 2,881,770 shares during the period. Prudential Financial Inc. boosted its position in D.R. Horton by 89.2% in the second quarter. Prudential Financial Inc. now owns 3,717,865 shares of the company’s stock valued at $117,039,000 after buying an additional 1,752,500 shares during the period. Oakmont Corp purchased a new position in D.R. Horton during the third quarter valued at approximately $48,685,000. Finally, Bank of New York Mellon Corp boosted its position in D.R. Horton by 32.1% in the second quarter. Bank of New York Mellon Corp now owns 4,290,106 shares of the company’s stock valued at $135,052,000 after buying an additional 1,042,286 shares during the period. 83.61% of the stock is owned by hedge funds and other institutional investors.
About D.R. Horton
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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