D. R. Horton (NYSE:DHI) has been assigned a $56.00 target price by stock analysts at Mizuho in a report issued on Thursday. The firm presently has a “hold” rating on the construction company’s stock. Mizuho’s target price would indicate a potential upside of 9.93% from the company’s current price.
Several other analysts have also recently issued reports on DHI. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of D. R. Horton in a research report on Monday, September 25th. KeyCorp reaffirmed a “buy” rating and set a $41.00 target price on shares of D. R. Horton in a research report on Tuesday, September 26th. Bank of America increased their target price on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup reaffirmed a “neutral” rating and set a $42.00 target price (up previously from $34.00) on shares of D. R. Horton in a research report on Monday, October 9th. Finally, JMP Securities set a $45.00 target price on D. R. Horton and gave the company a “buy” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. D. R. Horton has an average rating of “Buy” and a consensus target price of $48.71.
Shares of D. R. Horton (NYSE DHI) traded down $1.16 during trading hours on Thursday, reaching $50.94. The company had a trading volume of 3,931,900 shares, compared to its average volume of 3,323,542. D. R. Horton has a 52 week low of $27.97 and a 52 week high of $53.32. The company has a market capitalization of $19,270.00, a PE ratio of 18.59, a P/E/G ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. sell-side analysts anticipate that D. R. Horton will post 3.5 EPS for the current fiscal year.
In other news, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at approximately $287,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock valued at $1,410,293 in the last quarter. Company insiders own 7.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of D. R. Horton by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock valued at $1,213,190,000 after acquiring an additional 253,036 shares during the period. FMR LLC boosted its holdings in D. R. Horton by 3.9% in the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after buying an additional 446,612 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in D. R. Horton by 0.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after buying an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after buying an additional 306,287 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in D. R. Horton by 1.7% in the 2nd quarter. Northern Trust Corp now owns 4,337,349 shares of the construction company’s stock worth $149,941,000 after buying an additional 72,696 shares during the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.
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About D. R. Horton
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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