D.R. Horton, Inc. (NYSE:DHI) had its target price lifted by equities research analysts at KeyCorp from $41.00 to $46.00 in a research report issued on Friday. The firm presently has a “buy” rating on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 8.16% from the stock’s previous close.

Several other analysts have also weighed in on DHI. BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. JMP Securities set a $45.00 price objective on D.R. Horton and gave the company a “buy” rating in a research note on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of D.R. Horton in a research note on Monday, September 25th. Citigroup Inc. reaffirmed a “neutral” rating and set a $42.00 price objective (up previously from $34.00) on shares of D.R. Horton in a research note on Monday, October 9th. Finally, Wedbush increased their price objective on D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $39.47.

D.R. Horton (NYSE DHI) traded up 0.825% during midday trading on Friday, reaching $42.881. 1,442,498 shares of the company were exchanged. D.R. Horton has a 52-week low of $26.69 and a 52-week high of $43.04. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 16.066 and a beta of 1.24. The company has a 50 day moving average of $38.76 and a 200-day moving average of $35.55.

D.R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. D.R. Horton’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, equities research analysts anticipate that D.R. Horton will post $2.74 earnings per share for the current fiscal year.

D.R. Horton declared that its board has approved a share repurchase program on Wednesday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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In other news, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $288,880. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 9,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $37.06, for a total value of $333,540.00. Following the completion of the transaction, the director now owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,666 shares of company stock worth $912,606. Company insiders own 7.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of D.R. Horton by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock worth $1,213,190,000 after purchasing an additional 253,036 shares during the period. BlackRock Inc. raised its holdings in shares of D.R. Horton by 4,643.2% in the 1st quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after purchasing an additional 31,101,501 shares during the period. Sanders Capital LLC raised its holdings in shares of D.R. Horton by 2.6% in the 1st quarter. Sanders Capital LLC now owns 22,094,609 shares of the construction company’s stock worth $753,622,000 after purchasing an additional 562,557 shares during the period. FMR LLC raised its holdings in shares of D.R. Horton by 3.9% in the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after purchasing an additional 446,612 shares during the period. Finally, Greenhaven Associates Inc. raised its holdings in shares of D.R. Horton by 7.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 8,172,140 shares of the construction company’s stock worth $282,511,000 after purchasing an additional 532,534 shares during the period. Institutional investors own 82.29% of the company’s stock.

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.

Analyst Recommendations for D.R. Horton (NYSE:DHI)

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