D.R. Horton Inc. (DHI) Research Coverage Started at Wells Fargo & Co.
A number of other research analysts also recently issued reports on the company. Wedbush began coverage on D.R. Horton in a research note on Monday, September 19th. They issued an outperform rating and a $36.00 price objective for the company. Bank of America Corp. upgraded D.R. Horton from a neutral rating to a buy rating and increased their price target for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. Argus reiterated a buy rating and set a $39.00 price target on shares of D.R. Horton in a research note on Tuesday, July 26th. RBC Capital Markets reiterated an outperform rating and set a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $36.00 to $38.00 and gave the stock an outperform rating in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. D.R. Horton currently has a consensus rating of Hold and a consensus price target of $32.60.
D.R. Horton (NYSE:DHI) opened at 30.08 on Wednesday. The firm’s 50-day moving average price is $31.16 and its 200 day moving average price is $31.22. The firm has a market cap of $11.20 billion, a P/E ratio of 13.37 and a beta of 1.30. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. Equities analysts forecast that D.R. Horton will post $2.38 earnings per share for the current fiscal year.
In related news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara K. Allen sold 3,333 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now directly owns 8,983 shares in the company, valued at $304,972.85. The disclosure for this sale can be found here. 7.17% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of D.R. Horton by 5.3% in the first quarter. Geode Capital Management LLC now owns 2,746,802 shares of the company’s stock worth $82,871,000 after buying an additional 139,261 shares in the last quarter. Underhill Investment Management LLC purchased a new position in shares of D.R. Horton during the second quarter worth $10,588,000. Capstone Asset Management Co. boosted its position in shares of D.R. Horton by 8.9% in the second quarter. Capstone Asset Management Co. now owns 43,348 shares of the company’s stock worth $1,365,000 after buying an additional 3,552 shares in the last quarter. Boston Advisors LLC boosted its position in shares of D.R. Horton by 0.8% in the second quarter. Boston Advisors LLC now owns 570,483 shares of the company’s stock worth $17,959,000 after buying an additional 4,747 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of D.R. Horton by 94.9% in the first quarter. AMP Capital Investors Ltd now owns 285,387 shares of the company’s stock worth $8,610,000 after buying an additional 138,957 shares in the last quarter. 83.57% of the stock is currently owned by institutional investors.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
Receive News & Ratings for D.R. Horton Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton Inc. and related companies with MarketBeat.com's FREE daily email newsletter.