D.R. Horton Inc. (DHI) PT Set at $32.00 by MKM Partners
D.R. Horton Inc. (NYSE:DHI) has been assigned a $32.00 price target by analysts at MKM Partners in a note issued to investors on Wednesday. The firm currently has a a “hold” rating on the stock. MKM Partners’ target price suggests a potential upside of 16.28% from the company’s current price.
A number of other equities analysts have also recently weighed in on DHI. Credit Suisse Group AG reiterated a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. Royal Bank Of Canada raised their target price on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 18th. RBC Capital Markets restated an “outperform” rating and set a $38.00 target price (up from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Bank of America Corp. cut D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Friday, July 22nd. Finally, Argus restated a “buy” rating and set a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.21.
Shares of D.R. Horton (NYSE:DHI) opened at 27.52 on Wednesday. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56. The stock’s 50 day moving average price is $29.24 and its 200-day moving average price is $30.89. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 12.24 and a beta of 1.17.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $2.62 billion. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities analysts anticipate that D.R. Horton will post $2.38 earnings per share 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 given a dividend of $0.10 per share. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 annualized dividend and a yield of 1.45%. D.R. Horton’s payout ratio is 13.62%.
In other D.R. Horton 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 transaction, 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 available at this link. Company insiders own 7.17% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KCG Holdings Inc. purchased a new position in D.R. Horton during the third quarter valued at approximately $2,012,000. Laurion Capital Management LP bought a new position in shares of D.R. Horton during the third quarter valued at $296,000. Investment House LLC increased its position in shares of D.R. Horton by 78.4% in the third quarter. Investment House LLC now owns 48,005 shares of the company’s stock valued at $1,450,000 after buying an additional 21,090 shares during the period. BOKF NA bought a new position in shares of D.R. Horton during the third quarter valued at $265,000. Finally, Morgan Stanley increased its position in shares of D.R. Horton by 75.2% in the third quarter. Morgan Stanley now owns 2,844,115 shares of the company’s stock valued at $85,892,000 after buying an additional 1,221,140 shares during the period. 83.61% of the stock is currently owned by 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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