D.R. Horton Inc. (DHI) Stock Rating Upgraded by FBN Securities
D.R. Horton Inc. (NYSE:DHI) was upgraded by stock analysts at FBN Securities from an “underperform” rating to a “sector perform” rating in a report released on Monday. The brokerage currently has a $27.50 target price on the stock, up from their previous target price of $25.00. FBN Securities’ target price points to a potential downside of 5.82% from the stock’s current price.
DHI has been the subject of several other reports. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research note on Tuesday, July 12th. RBC Capital Markets reaffirmed an “outperform” rating and set a $38.00 price objective (up from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Bank of America Corp. downgraded D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Friday, July 22nd. Royal Bank Of Canada upped their price objective on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. Finally, Argus began coverage on D.R. Horton in a research note on Friday, June 17th. They set a “buy” rating and a $39.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.28.
Shares of D.R. Horton (NYSE:DHI) opened at 29.20 on Monday. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 12.98 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. The stock has a 50 day moving average price of $30.76 and a 200-day moving average price of $31.21.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. On average, analysts anticipate that D.R. Horton will post $2.38 EPS for the current year.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the sale, the director now owns 8,983 shares in the company, valued at approximately $304,972.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael R. Buchanan sold 12,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $33.80, for a total value of $405,600.00. Following the sale, the director now owns 12,940 shares in the company, valued at approximately $437,372. The disclosure for this sale can be found here. Company insiders own 7.17% of the company’s stock.
A number of large investors have recently made changes to their positions in DHI. Geode Capital Management LLC boosted its stake 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 during the period. AXA boosted its stake in shares of D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares during the period. Quadrature Capital Ltd bought a new stake in shares of D.R. Horton during the first quarter worth approximately $932,000. Meeder Asset Management Inc. bought a new stake in shares of D.R. Horton during the first quarter worth approximately $1,030,000. Finally, BB&T Securities LLC boosted its stake in shares of D.R. Horton by 596.2% in the first quarter. BB&T Securities LLC now owns 146,752 shares of the company’s stock worth $4,436,000 after buying an additional 125,673 shares during the period. Hedge funds and other institutional investors own 83.57% of the company’s stock.
D.R. Horton Company Profile
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.
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