D. R. Horton (DHI) Receives “Buy” Rating from UBS Group
UBS Group reiterated their buy rating on shares of D. R. Horton (NYSE:DHI) in a research note published on Wednesday morning, 99wallstreet.com reports. They currently have a $58.00 target price on the construction company’s stock, up from their previous target price of $53.00.
DHI has been the topic of several other research reports. Buckingham Research boosted their price objective on D. R. Horton from $39.00 to $44.00 and gave the company a neutral rating in a report on Friday, November 10th. Royal Bank of Canada reiterated a buy rating and issued a $42.00 price objective on shares of D. R. Horton in a report on Monday, September 25th. Mizuho reiterated a hold rating and issued a $38.00 price objective on shares of D. R. Horton in a report on Friday, October 27th. ValuEngine downgraded D. R. Horton from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, Zelman & Associates downgraded D. R. Horton from a buy rating to a hold rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $48.71.
D. R. Horton (DHI) traded up $0.54 during mid-day trading on Wednesday, hitting $51.48. The company had a trading volume of 3,478,603 shares, compared to its average volume of 3,280,000. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The stock has a market cap of $19,360.00, a P/E ratio of 18.79, a PEG ratio of 1.47 and a beta of 1.32. D. R. Horton has a 52-week low of $28.03 and a 52-week high of $53.32.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now owns 56,304 shares in the company, valued at approximately $2,715,541.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,677 shares of company stock worth $1,410,293. 7.20% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new position in shares of D. R. Horton during the 3rd quarter worth about $237,000. Cetera Investment Advisers acquired a new position in shares of D. R. Horton during the 2nd quarter worth about $216,000. Goodman Financial Corp boosted its position in shares of D. R. Horton by 4.2% during the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after acquiring an additional 7,593 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of D. R. Horton by 11.5% during the 3rd quarter. Toronto Dominion Bank now owns 134,772 shares of the construction company’s stock worth $5,382,000 after acquiring an additional 13,940 shares in the last quarter. Finally, Barometer Capital Management Inc. boosted its position in shares of D. R. Horton by 2,135.3% during the 3rd quarter. Barometer Capital Management Inc. now owns 462,700 shares of the construction company’s stock worth $18,476,000 after acquiring an additional 442,000 shares in the last quarter. 83.94% 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.
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