D. R. Horton (NYSE:DHI) was upgraded by equities research analysts at Wedbush from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday.
A number of other equities analysts have also recently weighed in on the company. UBS Group boosted their price target on D. R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and issued a $51.00 price target on shares of D. R. Horton in a report on Sunday, November 12th. Keefe, Bruyette & Woods cut D. R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. BTIG Research boosted their price target on D. R. Horton to $62.00 in a report on Thursday, December 14th. Finally, ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $52.69.
D. R. Horton (DHI) opened at $43.34 on Wednesday. The stock has a market capitalization of $15,871.37, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.11 and a beta of 1.20. D. R. Horton has a 1-year low of $31.98 and a 1-year high of $53.32. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the 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%. D. R. Horton’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. analysts predict that D. R. Horton will post 3.82 EPS for the current year.
In other news, Director Michael W. Hewatt sold 3,423 shares of D. R. Horton stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total value of $143,218.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael J. Murray sold 2,357 shares of D. R. Horton stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $45.00, for a total value of $106,065.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 224,322 shares of company stock valued at $9,927,879. Company insiders own 6.74% of the company’s stock.
Large investors have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $110,000. Calton & Associates Inc. purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $193,000. IBM Retirement Fund purchased a new stake in shares of D. R. Horton in the third quarter valued at $201,000. Tiemann Investment Advisors LLC purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $203,000. Finally, Gofen & Glossberg LLC IL purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $204,000. 83.87% of the stock is owned by institutional investors and hedge funds.
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.