D. R. Horton (DHI) Raised to “Buy” at ValuEngine

D. R. Horton (NYSE:DHI) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other brokerages have also recently commented on DHI. Mizuho set a $56.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a research report on Thursday, January 18th. Bank of America upped their target price on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Wedbush upgraded shares of D. R. Horton from a “neutral” rating to an “outperform” rating and upped their target price for the company from $43.44 to $50.00 in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a research report on Tuesday, January 9th. Finally, Barclays upped their price objective on shares of D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. D. R. Horton presently has a consensus rating of “Buy” and a consensus price target of $51.88.

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Shares of D. R. Horton (NYSE DHI) traded down $0.26 during trading on Friday, hitting $43.30. 3,678,415 shares of the company’s stock traded hands, compared to its average volume of 5,090,590. The company has a market cap of $16,705.91, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. D. R. Horton has a 52 week low of $31.98 and a 52 week high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40.

D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. research analysts forecast that D. R. Horton will post 3.82 earnings per share for the current fiscal year.

In related news, Chairman Donald R. Horton sold 178,200 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $44.06, for a total value of $7,851,492.00. Following the completion of the transaction, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 940 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total transaction of $40,100.40. Following the completion of the transaction, the director now directly owns 6,590 shares of the company’s stock, valued at $281,129.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 245,602 shares of company stock valued at $10,828,080. 7.20% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DHI. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton in the 4th quarter worth $110,000. Calton & Associates Inc. acquired a new position in D. R. Horton in the 4th quarter worth $193,000. Tiemann Investment Advisors LLC acquired a new position in D. R. Horton in the 4th quarter worth $203,000. Gofen & Glossberg LLC IL acquired a new position in D. R. Horton in the 4th quarter worth $204,000. Finally, Court Place Advisors LLC acquired a new position in D. R. Horton in the 4th quarter worth $204,000. 84.63% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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