D. R. Horton’s (DHI) Outperform Rating Reaffirmed at Wedbush

Wedbush reaffirmed their outperform rating on shares of D. R. Horton (NYSE:DHI) in a research report report published on Friday morning. They currently have a $47.00 target price on the construction company’s stock.

Several other research firms also recently issued reports on DHI. Evercore ISI upgraded shares of D. R. Horton from an in-line rating to an outperform rating in a report on Friday, July 27th. Citigroup dropped their price objective on shares of D. R. Horton from $49.00 to $46.00 and set a neutral rating on the stock in a report on Wednesday, June 20th. JMP Securities lowered their target price on shares of D. R. Horton from $56.00 to $52.00 and set a market outperform rating on the stock in a research note on Friday, July 27th. MKM Partners lowered their target price on shares of D. R. Horton to $52.00 and set a neutral rating on the stock in a research note on Friday, August 3rd. Finally, ValuEngine cut shares of D. R. Horton from a hold rating to a sell rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. D. R. Horton presently has an average rating of Buy and a consensus target price of $54.00.

D. R. Horton stock traded up $0.34 on Friday, reaching $43.00. 3,160,016 shares of the stock were exchanged, compared to its average volume of 2,938,705. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.05 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. D. R. Horton has a twelve month low of $36.56 and a twelve month high of $53.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. sell-side analysts expect that D. R. Horton will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. D. R. Horton’s payout ratio is currently 18.25%.

In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $495,110. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.20% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Marco Investment Management LLC boosted its position in D. R. Horton by 13.0% in the second quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $677,000 after buying an additional 1,900 shares in the last quarter. Arizona State Retirement System boosted its position in D. R. Horton by 21.1% in the second quarter. Arizona State Retirement System now owns 244,256 shares of the construction company’s stock valued at $10,014,000 after buying an additional 42,525 shares in the last quarter. Carret Asset Management LLC boosted its position in D. R. Horton by 3.8% in the second quarter. Carret Asset Management LLC now owns 62,174 shares of the construction company’s stock valued at $2,549,000 after buying an additional 2,250 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in D. R. Horton by 2.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 495,505 shares of the construction company’s stock valued at $20,316,000 after buying an additional 10,730 shares in the last quarter. Finally, Strs Ohio boosted its position in D. R. Horton by 63.4% in the second quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after buying an additional 27,373 shares in the last quarter. Hedge funds and other institutional investors own 83.89% 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 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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