D. R. Horton (NYSE:DHI) Price Target Raised to $75.00

D. R. Horton (NYSE:DHI) had its target price boosted by JMP Securities from $70.00 to $75.00 in a research note published on Thursday, The Fly reports.

DHI has been the subject of several other research reports. Cfra raised D. R. Horton from a hold rating to a strong-buy rating and increased their price target for the stock from $51.00 to $55.00 in a research note on Wednesday, May 13th. Citigroup upped their price objective on D. R. Horton from $74.00 to $78.00 and gave the company a buy rating in a report on Thursday. Wedbush upped their price objective on D. R. Horton from $57.00 to $66.00 and gave the company an outperform rating in a report on Wednesday, July 15th. BTIG Research upped their price objective on D. R. Horton from $78.00 to $85.00 and gave the company a buy rating in a report on Wednesday. They noted that the move was a valuation call. Finally, Wells Fargo & Co upped their price objective on D. R. Horton from $43.00 to $52.00 and gave the company an overweight rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $65.83.

Shares of NYSE DHI traded up $0.11 during midday trading on Thursday, hitting $66.16. The stock had a trading volume of 5,067,027 shares, compared to its average volume of 3,657,639. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.96 and a beta of 1.62. D. R. Horton has a 1-year low of $25.51 and a 1-year high of $70.29. The company has a quick ratio of 1.40, a current ratio of 6.82 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $58.15 and a 200 day moving average price of $51.69.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.42. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. On average, research analysts forecast that D. R. Horton will post 4.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 11th. D. R. Horton’s dividend payout ratio is 16.32%.

In other news, Director Michael W. Hewatt sold 1,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total transaction of $53,450.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $53,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.96% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of D. R. Horton by 1.4% in the 1st quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock valued at $537,765,000 after buying an additional 223,481 shares during the period. Capital World Investors increased its stake in shares of D. R. Horton by 38.6% in the 1st quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock valued at $337,496,000 after buying an additional 2,763,163 shares during the period. Geode Capital Management LLC increased its stake in shares of D. R. Horton by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock valued at $213,586,000 after buying an additional 407,057 shares during the period. Norges Bank bought a new position in shares of D. R. Horton in the 4th quarter worth $179,337,000. Finally, Capital Research Global Investors bought a new position in shares of D. R. Horton in the 1st quarter worth $106,232,000. 83.14% of the stock is currently owned by institutional investors and hedge funds.

D. R. Horton Company Profile

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.

Further Reading: Ex-Dividend

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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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