D. R. Horton (NYSE:DHI) has been assigned a $65.00 target price by equities researchers at Bank of America in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the construction company’s stock. Bank of America’s price target suggests a potential upside of 72.73% from the company’s previous close.
A number of other analysts have also commented on DHI. JMP Securities set a $47.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Tuesday. Citigroup decreased their price objective on D. R. Horton from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, June 20th. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. KeyCorp set a $54.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Evercore ISI raised D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $53.27.
Shares of DHI opened at $37.63 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.02 and a beta of 1.08. D. R. Horton has a 52 week low of $37.42 and a 52 week high of $53.32.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.32 billion. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Analysts expect that D. R. Horton will post 4.14 EPS for the current year.
In other news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $495,110. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.74% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in shares of D. R. Horton by 63.4% in the second quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after acquiring an additional 27,373 shares in the last quarter. Marco Investment Management LLC lifted its stake 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 valued at $677,000 after purchasing an additional 1,900 shares during the last quarter. Investec Asset Management LTD purchased a new position in D. R. Horton in the second quarter valued at approximately $21,851,000. Arizona State Retirement System lifted its stake 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 valued at $10,014,000 after purchasing an additional 42,525 shares during the last quarter. Finally, Banco de Sabadell S.A lifted its stake in D. R. Horton by 2.0% in the second quarter. Banco de Sabadell S.A now owns 159,535 shares of the construction company’s stock valued at $6,498,000 after purchasing an additional 3,138 shares during the last quarter. 83.86% of the stock is owned by institutional investors.
D. R. Horton Company Profile
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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