Mizuho Reiterates “Hold” Rating for D. R. Horton (DHI)

D. R. Horton (NYSE:DHI)‘s stock had its “hold” rating reiterated by equities researchers at Mizuho in a research report issued on Thursday. They currently have a $47.00 price target on the construction company’s stock. Mizuho’s target price points to a potential upside of 8.55% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. BTIG Research lifted their target price on D. R. Horton to $62.00 in a report on Thursday, December 14th. ValuEngine downgraded D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. UBS reiterated a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. Bank of America lifted their target price on D. R. Horton to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.88.

Shares of D. R. Horton stock opened at $43.30 on Thursday. The firm has a market capitalization of $16,375.10, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. 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 has a 1-year low of $31.98 and a 1-year high of $53.32.

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

In related news, Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the transaction, the chairman now owns 23,232,112 shares of the company’s stock, valued at $1,023,606,854.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total value of $175,172.59. Following the transaction, the director now directly owns 11,317 shares in the company, valued at approximately $540,613.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 245,602 shares of company stock valued at $10,828,080. Corporate insiders own 7.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $110,000. Calton & Associates Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $193,000. Tiemann Investment Advisors LLC purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $203,000. Court Place Advisors LLC purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $204,000. Finally, Koch Industries Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $204,000. 84.63% of the stock is currently owned by 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.

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

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