D. R. Horton (NYSE:DHI)‘s stock had its “buy” rating reiterated by UBS Group in a research report issued to clients and investors on Wednesday, January 17th, 99wallstreet.com reports. They presently have a $58.00 price objective on the construction company’s stock, up from their previous price objective of $53.00. UBS Group’s price target suggests a potential upside of 31.58% from the company’s current price.
A number of other brokerages have also commented on DHI. BTIG Research lifted their price objective on D. R. Horton to $62.00 in a research report on Thursday, December 14th. Bank of America lifted their price objective on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp reiterated a “buy” rating and issued a $41.00 price objective on shares of D. R. Horton in a research report on Tuesday, September 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. Finally, JMP Securities set a $45.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. D. R. Horton presently has a consensus rating of “Hold” and an average target price of $52.69.
Shares of D. R. Horton (NYSE:DHI) traded down $0.47 during midday trading on Wednesday, hitting $44.08. The company’s stock had a trading volume of 9,562,286 shares, compared to its average volume of 5,130,000. D. R. Horton has a 12 month low of $29.95 and a 12 month high of $53.32. The company has a market capitalization of $16,570.00, a PE ratio of 16.45, a PEG ratio of 1.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.
D. R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts forecast that D. R. Horton will post 3.75 EPS for the current year.
In other news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the transaction, the director now owns 11,317 shares in the company, valued at approximately $540,613.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders have sold a total of 32,344 shares of company stock worth $1,585,466 in the last quarter. 7.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in 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 valued at $1,213,190,000 after acquiring an additional 253,036 shares in the last quarter. BlackRock Inc. lifted its stake in D. R. Horton by 4.2% in the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after acquiring an additional 1,232,825 shares in the last quarter. FMR LLC lifted its stake in D. R. Horton by 3.9% in the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock valued at $407,023,000 after acquiring an additional 446,612 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in D. R. Horton by 0.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock valued at $328,016,000 after acquiring an additional 42,642 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock valued at $228,533,000 after acquiring an additional 306,287 shares in the last quarter. Hedge funds and other institutional investors own 83.22% of the company’s stock.
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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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