D. R. Horton (DHI) Given New $53.00 Price Target at Buckingham Research

D. R. Horton (NYSE:DHI) had its price target lifted by Buckingham Research from $45.00 to $53.00 in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the construction company’s stock.

DHI has been the topic of a number of other research reports. Wedbush reiterated an outperform rating and issued a $43.00 target price on shares of D. R. Horton in a research report on Wednesday, January 23rd. Barclays set a $44.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research report on Thursday, March 28th. JMP Securities set a $44.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research report on Wednesday, January 2nd. Zelman & Associates upgraded shares of D. R. Horton from a hold rating to a buy rating in a research report on Thursday, March 7th. Finally, Keefe, Bruyette & Woods upgraded shares of D. R. Horton from a market perform rating to an outperform rating and boosted their price objective for the company from $41.00 to $45.00 in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $47.30.

Shares of NYSE:DHI opened at $45.69 on Tuesday. The firm has a market capitalization of $16.96 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.24. D. R. Horton has a 52 week low of $32.39 and a 52 week high of $46.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 6.85.

D. R. Horton (NYSE:DHI) last issued its earnings results on Friday, January 25th. The construction company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.49 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. D. R. Horton’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, equities analysts forecast that D. R. Horton will post 3.94 earnings per share for the current fiscal year.

In related news, Director Barbara K. Allen sold 4,000 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the transaction, the director now owns 5,650 shares in the company, valued at $207,863.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara K. Allen sold 1,410 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $40.47, for a total transaction of $57,062.70. Following the transaction, the director now owns 7,060 shares in the company, valued at approximately $285,718.20. The disclosure for this sale can be found here. Insiders have sold 12,666 shares of company stock worth $497,652 in the last quarter. 6.87% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Sanders Capital LLC increased its position in shares of D. R. Horton by 32.1% during the fourth quarter. Sanders Capital LLC now owns 18,594,037 shares of the construction company’s stock valued at $704,810,000 after buying an additional 4,517,147 shares during the period. FMR LLC increased its position in shares of D. R. Horton by 36.0% during the fourth quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock valued at $566,576,000 after buying an additional 4,327,013 shares during the period. Norges Bank purchased a new position in shares of D. R. Horton during the fourth quarter valued at about $115,236,000. Oregon Public Employees Retirement Fund increased its position in shares of D. R. Horton by 7,047.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,694,226 shares of the construction company’s stock valued at $78,000 after buying an additional 2,656,532 shares during the period. Finally, Lakewood Capital Management LP purchased a new position in shares of D. R. Horton during the fourth quarter valued at about $35,596,000. Institutional investors own 84.39% of the company’s stock.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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

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