D.R. Horton, Inc. (NYSE:DHI) – Investment analysts at KeyCorp raised their Q2 2018 earnings per share estimates for shares of D.R. Horton in a research note issued on Thursday. KeyCorp analyst K. Zener now anticipates that the construction company will post earnings of $0.69 per share for the quarter, up from their prior estimate of $0.65. KeyCorp currently has a “Buy” rating and a $46.00 target price on the stock. KeyCorp also issued estimates for D.R. Horton’s Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $3.29 EPS and FY2019 earnings at $3.61 EPS.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. UBS AG started coverage on shares of D.R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target on the stock. Citigroup Inc. restated a “neutral” rating and issued a $42.00 target price (up previously from $34.00) on shares of D.R. Horton in a report on Monday, October 9th. Wedbush restated an “outperform” rating on shares of D.R. Horton in a report on Saturday, September 16th. Finally, Bank of America Corporation raised their target price on shares of D.R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. D.R. Horton presently has a consensus rating of “Buy” and a consensus price target of $43.61.
D.R. Horton (NYSE DHI) traded up $1.09 during trading hours on Monday, hitting $47.09. 5,762,300 shares of the stock were exchanged, compared to its average volume of 4,043,545. D.R. Horton has a 1 year low of $27.15 and a 1 year high of $47.29. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $17,510.00, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.06%. D.R. Horton’s dividend payout ratio (DPR) is presently 14.60%.
D.R. Horton announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the sale, the director now directly owns 36,828 shares in the company, valued at approximately $1,379,576.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the sale, the director now owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $852,580 over the last quarter. Insiders own 7.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Carret Asset Management LLC raised its position in shares of D.R. Horton by 38.2% during the 3rd quarter. Carret Asset Management LLC now owns 49,775 shares of the construction company’s stock valued at $1,988,000 after purchasing an additional 13,770 shares during the period. Gruss Capital Management LP bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $35,342,000. First Republic Investment Management Inc. raised its position in shares of D.R. Horton by 20.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 51,941 shares of the construction company’s stock valued at $2,074,000 after purchasing an additional 8,927 shares during the period. Magnetar Financial LLC bought a new stake in shares of D.R. Horton during the 3rd quarter valued at $13,401,000. Finally, Psagot Investment House Ltd. raised its position in shares of D.R. Horton by 73.3% during the 3rd quarter. Psagot Investment House Ltd. now owns 13,000 shares of the construction company’s stock valued at $519,000 after purchasing an additional 5,500 shares during the period. Hedge funds and other institutional investors own 81.12% of the company’s stock.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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