D.R. Horton Inc. (NYSE:DHI) – Equities researchers at JMP Securities issued their Q1 2018 EPS estimates for D.R. Horton in a research note issued to investors on Monday. JMP Securities analyst M. Smith forecasts that the firm will post earnings per share of $0.53 for the quarter. JMP Securities currently has a “Buy” rating and a $36.00 target price on the stock. JMP Securities also issued estimates for D.R. Horton’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $2.89 EPS.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company earned $3.15 billion during the quarter, compared to analyst estimates of $3.25 billion. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. D.R. Horton’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share.
Several other research firms have also commented on DHI. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $35.05 to $36.00 in a research report on Tuesday, September 13th. Credit Suisse Group AG restated a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. Argus reiterated a “buy” rating and set a $39.00 target price on shares of D.R. Horton in a research report on Tuesday, July 26th. Wedbush began coverage on D.R. Horton in a research report on Monday, September 19th. They set an “outperform” rating and a $36.00 target price on the stock. Finally, Wells Fargo & Co. began coverage on D.R. Horton in a research report on Wednesday, September 28th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.60.
D.R. Horton (NYSE:DHI) traded down 2.25% on Thursday, reaching $29.60. 3,508,393 shares of the company’s stock traded hands. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56. The firm has a 50-day moving average price of $30.91 and a 200-day moving average price of $31.20. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 13.16 and a beta of 1.30.
In related news, Director Barbara K. Allen sold 3,333 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the completion of the sale, the director now directly owns 8,983 shares of the company’s stock, valued at approximately $304,972.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $159,350. The disclosure for this sale can be found here. Corporate insiders own 7.17% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake 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 purchased a new position in shares of D.R. Horton during the second quarter worth approximately $10,588,000. Capstone Asset Management Co. boosted 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 period. Boston Advisors LLC boosted 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 period. Finally, AMP Capital Investors Ltd boosted 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 period. 83.57% of the stock is 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.
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