D. R. Horton Inc (NYSE:DHI) – Research analysts at KeyCorp issued their Q3 2018 EPS estimates for D. R. Horton in a research report issued on Wednesday. KeyCorp analyst K. Zener forecasts that the construction company will post earnings per share of $1.12 for the quarter. KeyCorp currently has a “Buy” rating and a $46.00 target price on the stock. KeyCorp also issued estimates for D. R. Horton’s Q4 2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.26 EPS and Q4 2019 earnings at $1.29 EPS.
A number of other analysts have also recently commented on DHI. Bank of America upped their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Barclays upped their price objective on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a research report on Monday, February 5th. Finally, Mizuho reiterated a “hold” rating and set a $38.00 price objective on shares of D. R. Horton in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.69.
D. R. Horton (DHI) traded down $0.11 during trading on Monday, reaching $44.74. The company had a trading volume of 417,577 shares, compared to its average volume of 5,296,884. The stock has a market capitalization of $16,856.28, a PE ratio of 16.80, a PEG ratio of 1.20 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 has a 12 month low of $29.99 and a 12 month high of $53.32.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share.
Institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH boosted its stake in shares of D. R. Horton by 615.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock worth $122,758,000 after acquiring an additional 2,067,640 shares during the period. BlackRock Inc. boosted its stake in shares of D. R. Horton by 4.2% in the fourth quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock worth $1,570,810,000 after acquiring an additional 1,232,825 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of D. R. Horton in the fourth quarter worth about $56,286,000. Brenner West Capital Advisors LP bought a new position in shares of D. R. Horton in the fourth quarter worth about $51,204,000. Finally, Gruss Capital Management LP bought a new position in shares of D. R. Horton in the third quarter worth about $35,342,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the sale, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 3,667 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the sale, the director now owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 210,544 shares of company stock valued at $9,436,958. Company insiders own 6.74% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s payout ratio is 18.73%.
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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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