A number of other equities research analysts have also recently issued reports on DHI. JMP Securities reiterated a buy rating and set a $36.00 target price on shares of D.R. Horton in a research report on Wednesday, June 15th. Bank of America Corp. upgraded shares of D.R. Horton from a neutral rating to a buy rating and increased their target price for the stock from $35.05 to $36.00 in a research report on Tuesday, September 13th. RBC Capital Markets reiterated an outperform rating and set a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Credit Suisse Group AG reiterated a hold rating on shares of D.R. Horton in a research report on Tuesday, July 12th. Finally, Argus initiated coverage on shares of D.R. Horton in a research report on Friday, June 17th. They set a buy rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $32.60.
Shares of D.R. Horton (NYSE:DHI) opened at 30.20 on Wednesday. D.R. Horton has a 1-year low of $22.97 and a 1-year high of $34.56. The company’s 50-day moving average is $31.22 and its 200 day moving average is $31.19. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 13.43 and a beta of 1.30.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue was up 12.4% on a year-over-year basis. On average, analysts expect that D.R. Horton will post $2.38 EPS for the current fiscal year.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of D.R. Horton stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now owns 8,983 shares of the company’s stock, valued at $304,972.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 5,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $159,350. The disclosure for this sale can be found here. Corporate insiders own 7.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in DHI. Geode Capital Management LLC raised its position in shares of D.R. Horton by 5.3% in the first quarter. Geode Capital Management LLC now owns 2,746,802 shares of the company’s stock worth $82,871,000 after buying an additional 139,261 shares during the last quarter. Underhill Investment Management LLC bought a new position in shares of D.R. Horton during the second quarter worth $10,588,000. Capstone Asset Management Co. raised its position in shares of D.R. Horton by 8.9% in the second quarter. Capstone Asset Management Co. now owns 43,348 shares of the company’s stock worth $1,365,000 after buying an additional 3,552 shares during the last quarter. Boston Advisors LLC raised its position in shares of D.R. Horton by 0.8% in the second quarter. Boston Advisors LLC now owns 570,483 shares of the company’s stock worth $17,959,000 after buying an additional 4,747 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its position in shares of D.R. Horton by 94.9% in the first quarter. AMP Capital Investors Ltd now owns 285,387 shares of the company’s stock worth $8,610,000 after buying an additional 138,957 shares during the last quarter. 83.57% of the stock is currently owned by hedge funds and other institutional investors.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
Receive News & Ratings for D.R. Horton Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton Inc. and related companies with MarketBeat.com's FREE daily email newsletter.