D.R. Horton (DHI) Receiving Somewhat Positive Press Coverage, Study Shows
News stories about D.R. Horton (NYSE:DHI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. D.R. Horton earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.4410698335011 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- DR Horton, Inc. (DHI) registers a price change of -0.17% while Lindblad Expeditions Holdings, Inc. (LIND) finishes … – Stocks Gallery (stocksgallery.com)
- Breaking Down the Chart for DR Horton, Inc. (DHI) – Economic News (economicsandmoney.com)
- D.R. Horton (DHI) and PICO Holdings (PICO) Head-To-Head Comparison (americanbankingnews.com)
- What Texas Can Tell Us About The Housing Market (finance.yahoo.com)
- Shares of DHI Up 18.3% Since Uptrend Call on Shares (mysmartrend.com)
Shares of D.R. Horton (NYSE DHI) traded up 1.13% during midday trading on Friday, hitting $35.78. 2,993,899 shares of the stock traded hands. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 13.41 and a beta of 1.25. The stock has a 50-day moving average of $36.28 and a 200-day moving average of $33.84. D.R. Horton has a 52-week low of $26.69 and a 52-week high of $37.44.
D.R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, equities analysts predict that D.R. Horton will post $2.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, August 7th. D.R. Horton’s dividend payout ratio is presently 15.04%.
D.R. Horton declared that its board has authorized a share buyback program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
DHI has been the subject of several research reports. Mizuho initiated coverage on shares of D.R. Horton in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 price objective for the company. Wedbush boosted their price objective on shares of D.R. Horton to $36.00 and gave the company an “outperform” rating in a research report on Monday, June 5th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 price objective on shares of D.R. Horton in a research report on Tuesday, June 6th. Credit Suisse Group initiated coverage on shares of D.R. Horton in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, Bank of America Corporation reissued a “buy” rating and issued a $42.00 price objective (up from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. D.R. Horton presently has an average rating of “Buy” and a consensus target price of $36.59.
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In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the transaction, the director now owns 7,316 shares in the company, valued at approximately $263,595.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is owned by corporate insiders.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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