Shares of D. R. Horton Inc (NYSE:DHI) have earned a consensus recommendation of “Hold” from the twenty research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.35.
A number of equities research analysts recently weighed in on DHI shares. UBS Group boosted their price target on shares of D. R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and set a $51.00 price target on shares of D. R. Horton in a research note on Sunday, November 12th. KeyCorp boosted their price target on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Finally, Citigroup reissued a “neutral” rating and set a $42.00 price target (up from $34.00) on shares of D. R. Horton in a research note on Monday, October 9th.
Shares of D. R. Horton (NYSE:DHI) traded down $0.13 during midday trading on Wednesday, hitting $51.91. 1,781,001 shares of the company’s stock were exchanged, compared to its average volume of 3,490,000. D. R. Horton has a one year low of $27.97 and a one year high of $53.32. The company has a market capitalization of $19,520.00, a P/E ratio of 18.95, a PEG ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93.
D. R. Horton (NYSE:DHI) last posted its quarterly 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). The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. research analysts expect that D. R. Horton will post 3.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.96%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s payout ratio is currently 18.25%.
In related news, COO Michael J. Murray sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.23, for a total transaction of $337,610.00. Following the completion of the transaction, the chief operating officer now owns 56,304 shares in the company, valued at $2,715,541.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the transaction, the chief financial officer now owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,677 shares of company stock valued at $1,410,293. Corporate insiders own 7.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mckinley Capital Management LLC Delaware acquired a new position in shares of D. R. Horton in the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC boosted its holdings in shares of D. R. Horton by 179.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after buying an additional 2,306 shares during the period. Evercore Wealth Management LLC boosted its holdings in shares of D. R. Horton by 5.7% in the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after buying an additional 200 shares during the period. Advisory Services Network LLC boosted its holdings in shares of D. R. Horton by 131.9% in the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after buying an additional 2,250 shares during the period. Finally, IBM Retirement Fund acquired a new position in shares of D. R. Horton in the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 83.94% of the company’s stock.
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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.
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