Brokerages Set D. R. Horton Inc (DHI) Price Target at $51.93

D. R. Horton Inc (NYSE:DHI) has received a consensus rating of “Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $50.50.

DHI has been the topic of several research analyst reports. Bank of America set a $65.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Thursday, October 11th. Credit Suisse Group set a $45.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Wednesday, October 17th. ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. KeyCorp set a $54.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Wedbush reissued an “outperform” rating and set a $47.00 target price on shares of D. R. Horton in a research note on Friday, September 14th.

DHI stock opened at $34.22 on Tuesday. 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 stock has a market capitalization of $14.11 billion, a P/E ratio of 12.49, a PEG ratio of 0.83 and a beta of 1.26.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.22. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts forecast that D. R. Horton will post 4.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s payout ratio is currently 18.25%.

In other news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton 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 transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $495,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of D. R. Horton by 31.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,617 shares of the construction company’s stock worth $377,000 after buying an additional 2,085 shares during the period. 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 worth $25,022,000 after buying an additional 2,776 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of D. R. Horton by 51.9% in the first quarter. Allianz Asset Management GmbH now owns 3,650,088 shares of the construction company’s stock worth $160,020,000 after buying an additional 1,246,363 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of D. R. Horton by 42.5% in the first quarter. Suntrust Banks Inc. now owns 8,759 shares of the construction company’s stock worth $383,000 after buying an additional 2,611 shares during the period. Finally, DnB Asset Management AS boosted its holdings in shares of D. R. Horton by 5.0% in the second quarter. DnB Asset Management AS now owns 44,434 shares of the construction company’s stock worth $1,822,000 after buying an additional 2,100 shares during the period. 84.11% of the stock is currently 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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