D. R. Horton (DHI) Lifted to “Outperform” at Keefe, Bruyette & Woods
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.
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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