D.R. Horton, Inc. (NYSE:DHI) shares reached a new 52-week high on Monday after Barclays PLC raised their price target on the stock from $34.00 to $41.00. Barclays PLC currently has an equal weight rating on the stock. D.R. Horton traded as high as $47.26 and last traded at $47.19, with a volume of 3600000 shares traded. The stock had previously closed at $45.92.

Several other brokerages have also recently commented on DHI. Citigroup Inc. increased their price target on D.R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday. Wedbush increased their price target on D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Bank of America Corporation increased their price target on D.R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 6th. Royal Bank Of Canada increased their price target on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Finally, BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.61.

In other news, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the transaction, the director now owns 36,828 shares in the company, valued at $1,379,576.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction that occurred on 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 owns 8,000 shares in the company, valued at approximately $288,880. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,000 shares of company stock worth $852,580. 7.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Bank of Montreal Can increased its stake in shares of D.R. Horton by 4.6% during the second quarter. Bank of Montreal Can now owns 182,921 shares of the construction company’s stock worth $6,324,000 after purchasing an additional 8,021 shares during the period. Creative Planning increased its stake in shares of D.R. Horton by 6.9% during the second quarter. Creative Planning now owns 5,665 shares of the construction company’s stock worth $196,000 after purchasing an additional 364 shares during the period. State of Alaska Department of Revenue increased its stake in shares of D.R. Horton by 7.8% during the second quarter. State of Alaska Department of Revenue now owns 10,789 shares of the construction company’s stock worth $372,000 after purchasing an additional 780 shares during the period. National Pension Service increased its stake in shares of D.R. Horton by 10.0% during the second quarter. National Pension Service now owns 392,110 shares of the construction company’s stock worth $13,249,000 after purchasing an additional 35,505 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of D.R. Horton by 0.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 294,638 shares of the construction company’s stock worth $10,186,000 after purchasing an additional 1,503 shares during the period. Institutional investors own 81.12% of the company’s stock.

The company has a market capitalization of $17,249.36, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same quarter last year, the business posted $0.75 EPS. D.R. Horton’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts forecast that D.R. Horton, Inc. will post 3.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.10. D.R. Horton’s dividend payout ratio (DPR) is 14.65%.

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

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D.R. Horton Company Profile

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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