Keefe, Bruyette & Woods upgraded shares of D. R. Horton (NYSE:DHI) from a market perform rating to an outperform rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $45.00 price objective on the construction company’s stock, up from their prior price objective of $41.00.

DHI has been the subject of a number of other reports. JMP Securities set a $44.00 price target on D. R. Horton and gave the company a buy rating in a report on Wednesday, January 2nd. Wells Fargo & Co lowered their price target on D. R. Horton from $62.00 to $48.00 and set an outperform rating for the company in a report on Monday, November 12th. Barclays reiterated a buy rating and issued a $41.00 price target on shares of D. R. Horton in a report on Friday, November 9th. Wedbush reiterated an outperform rating and issued a $47.00 price target on shares of D. R. Horton in a report on Friday, September 14th. Finally, ValuEngine downgraded D. R. Horton from a sell rating to a strong sell rating in a report on Wednesday, October 17th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $46.87.

Shares of NYSE DHI traded up $0.49 during trading on Wednesday, reaching $39.60. The stock had a trading volume of 5,860,571 shares, compared to its average volume of 6,542,496. D. R. Horton has a one year low of $32.39 and a one year high of $52.74. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.16.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts predict that D. R. Horton will post 4.18 earnings per share for the current year.

In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 145,180 shares in the company, valued at approximately $5,474,737.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael J. Murray sold 31,000 shares of the business’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $37.13, for a total value of $1,151,030.00. Following the transaction, the chief operating officer now owns 112,101 shares of the company’s stock, valued at approximately $4,162,310.13. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,892 shares of company stock valued at $8,206,227. 6.87% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in DHI. Capital Growth Management LP acquired a new stake in shares of D. R. Horton in the third quarter valued at $40,493,000. Bank of Nova Scotia lifted its holdings in shares of D. R. Horton by 1,546.8% in the second quarter. Bank of Nova Scotia now owns 716,869 shares of the construction company’s stock valued at $29,392,000 after buying an additional 673,339 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of D. R. Horton by 3,919.9% in the third quarter. Rehmann Capital Advisory Group now owns 465,467 shares of the construction company’s stock valued at $11,035,000 after buying an additional 453,888 shares during the period. Glenmede Trust Co. NA lifted its holdings in shares of D. R. Horton by 67.8% in the second quarter. Glenmede Trust Co. NA now owns 1,053,020 shares of the construction company’s stock valued at $43,174,000 after buying an additional 425,418 shares during the period. Finally, Vanguard Group Inc lifted its holdings in shares of D. R. Horton by 1.0% in the third quarter. Vanguard Group Inc now owns 36,817,427 shares of the construction company’s stock valued at $1,552,959,000 after buying an additional 381,357 shares during the period. Institutional investors own 81.58% of the company’s stock.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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

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