D. R. Horton Inc (NYSE:DHI) has received a consensus rating of “Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $52.60.

Several research firms have weighed in on DHI. Mizuho set a $46.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a research note on Monday, August 6th. JMP Securities set a $47.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Tuesday, October 9th. Wedbush restated an “outperform” rating and set a $47.00 price target on shares of D. R. Horton in a research report on Friday, September 14th. Barclays set a $51.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Friday, September 14th. Finally, KeyCorp set a $54.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Friday, July 27th.

DHI stock traded down $0.87 during trading on Friday, hitting $37.78. 6,704,100 shares of the company’s stock traded hands, compared to its average volume of 4,454,317. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. D. R. Horton has a 52 week low of $37.28 and a 52 week high of $53.32. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.02 and a beta of 1.08.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, analysts expect that D. R. Horton will post 4.14 EPS for the current fiscal year.

In related news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.74% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio lifted its holdings in D. R. Horton by 63.4% in the second quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock worth $2,892,000 after purchasing an additional 27,373 shares during the period. Raymond James & Associates lifted its holdings in D. R. Horton by 9.2% in the second quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock worth $10,385,000 after purchasing an additional 21,259 shares during the period. Marco Investment Management LLC lifted its holdings in D. R. Horton by 13.0% in the second quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $677,000 after purchasing an additional 1,900 shares during the period. Investec Asset Management LTD acquired a new stake in D. R. Horton in the second quarter worth about $21,851,000. Finally, Arizona State Retirement System lifted its holdings in D. R. Horton by 21.1% in the second quarter. Arizona State Retirement System now owns 244,256 shares of the construction company’s stock worth $10,014,000 after purchasing an additional 42,525 shares during the period. 83.86% of the stock is owned by institutional investors and hedge funds.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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