D. R. Horton (DHI) Given a $43.00 Price Target at Wedbush
Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of D. R. Horton from a hold rating to a sell rating in a report on Wednesday, July 25th. Barclays restated a buy rating and set a $41.00 price objective on shares of D. R. Horton in a report on Friday. Evercore ISI upgraded shares of D. R. Horton from an in-line rating to an outperform rating in a report on Friday, July 27th. BTIG Research decreased their price objective on shares of D. R. Horton to $52.00 and set a buy rating for the company in a report on Friday. Finally, Royal Bank of Canada set a $38.00 price objective on shares of D. R. Horton and gave the company a hold rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $48.79.
NYSE DHI traded up $0.18 during trading on Friday, reaching $34.40. 8,794,038 shares of the stock traded hands, compared to its average volume of 5,861,622. The stock has a market cap of $14.15 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. D. R. Horton has a fifty-two week low of $33.70 and a fifty-two week high of $53.32.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, November 23rd. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s dividend payout ratio is 12.22%.
In other news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in DHI. Principal Financial Group Inc. boosted its holdings in shares of D. R. Horton by 0.5% in the first quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock valued at $25,022,000 after buying an additional 2,776 shares during the period. DnB Asset Management AS boosted its holdings in D. R. Horton by 5.0% during the second quarter. DnB Asset Management AS now owns 44,434 shares of the construction company’s stock worth $1,822,000 after purchasing an additional 2,100 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in D. R. Horton by 45.1% during the second quarter. IFM Investors Pty Ltd now owns 17,592 shares of the construction company’s stock worth $721,000 after purchasing an additional 5,468 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in D. R. Horton by 27.9% during the second quarter. State of Alaska Department of Revenue now owns 87,659 shares of the construction company’s stock worth $3,592,000 after purchasing an additional 19,110 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in D. R. Horton by 8.3% during the second quarter. Xact Kapitalforvaltning AB now owns 86,541 shares of the construction company’s stock worth $3,548,000 after purchasing an additional 6,623 shares during the last quarter. Institutional investors own 84.11% of the company’s stock.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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