D. R. Horton (NYSE:DHI) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the company. JMP Securities set a $44.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Mizuho set a $40.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research note on Thursday, November 15th. Citigroup reduced their price objective on D. R. Horton from $42.00 to $38.00 and set a “hold” rating for the company in a research note on Monday, November 12th. Wells Fargo & Co reduced their price objective on D. R. Horton from $62.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Finally, Wedbush set a $43.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, November 9th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.86.

D. R. Horton stock traded up $0.68 during mid-day trading on Thursday, hitting $36.96. The company’s stock had a trading volume of 4,474,913 shares, compared to its average volume of 4,734,692. The company has a market cap of $14.08 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.69 and a beta of 1.25. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton has a 52-week low of $32.53 and a 52-week high of $53.32.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.56 billion. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. On average, equities analysts forecast that D. R. Horton will post 4.27 earnings per share for the current fiscal year.

In other news, CFO Bill W. Wheat sold 12,892 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $37.71, for a total transaction of $486,157.32. Following the completion of the sale, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at approximately $5,474,737.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Underhill Investment Management LLC acquired a new position in shares of D. R. Horton during the 3rd quarter valued at about $9,771,000. Strs Ohio increased its holdings in shares of D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after acquiring an additional 27,373 shares during the last quarter. Raymond James & Associates increased its holdings in shares of D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock valued at $10,385,000 after acquiring an additional 21,259 shares during the last quarter. Calamos Advisors LLC increased its holdings in shares of D. R. Horton by 6.8% during the 3rd quarter. Calamos Advisors LLC now owns 151,982 shares of the construction company’s stock valued at $6,411,000 after acquiring an additional 9,624 shares during the last quarter. Finally, Marco Investment Management LLC increased its holdings in shares of D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $677,000 after acquiring an additional 1,900 shares during the last quarter. 79.23% of the stock is owned by institutional investors.

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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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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