D.R. Horton Inc. (DHI) Lifted to Sell at Vetr Inc.
DHI has been the topic of several other research reports. Evercore ISI started coverage on D.R. Horton in a report on Monday, November 14th. They set a buy rating and a $36.00 target price on the stock. MKM Partners set a $32.00 target price on D.R. Horton and gave the stock a hold rating in a report on Wednesday, November 9th. RBC Capital Markets set a $34.00 target price on D.R. Horton and gave the stock an outperform rating in a report on Wednesday, November 9th. Royal Bank Of Canada dropped their target price on D.R. Horton from $38.00 to $34.00 and set an outperform rating on the stock in a report on Wednesday, November 9th. Finally, Wedbush reissued an outperform rating and set a $36.00 target price on shares of D.R. Horton in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $31.93.
Shares of D.R. Horton (NYSE:DHI) opened at 27.72 on Monday. The stock’s 50 day moving average price is $28.61 and its 200 day moving average price is $30.75. The firm has a market cap of $10.34 billion, a PE ratio of 11.75 and a beta of 1.17. D.R. Horton has a 12-month low of $22.97 and a 12-month high of $34.56.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $2.62 billion. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts predict that D.R. Horton will post $2.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.44%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 23rd. D.R. Horton’s payout ratio is presently 17.02%.
Several institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its position in D.R. Horton by 6.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,159,051 shares of the company’s stock valued at $36,487,000 after buying an additional 72,379 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in D.R. Horton during the second quarter valued at approximately $132,964,000. Underhill Investment Management LLC bought a new position in D.R. Horton during the second quarter valued at approximately $10,588,000. F&V Capital Management LLC boosted its position in D.R. Horton by 2.4% in the third quarter. F&V Capital Management LLC now owns 169,630 shares of the company’s stock valued at $5,123,000 after buying an additional 3,925 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in D.R. Horton by 11.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 334,708 shares of the company’s stock valued at $10,537,000 after buying an additional 33,131 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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