D. R. Horton (DHI) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their hold rating on shares of D. R. Horton (NYSE:DHI) in a research note issued to investors on Wednesday. The brokerage currently has a $52.00 target price on the construction company’s stock.

Several other equities research analysts also recently weighed in on the company. Wedbush downgraded D. R. Horton from an outperform rating to a neutral rating and set a $50.00 price target on the stock. in a report on Tuesday, December 12th. BTIG Research upped their price target on D. R. Horton to $62.00 in a report on Thursday, December 14th. UBS restated a buy rating and set a $58.00 price target (up previously from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. ValuEngine downgraded D. R. Horton from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada upped their price target on D. R. Horton to $57.00 and gave the stock an outperform rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $51.88.

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DHI stock opened at $43.30 on Wednesday. D. R. Horton has a 12 month low of $31.98 and a 12 month high of $53.32. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16,277.38, a PE ratio of 16.22, a P/E/G ratio of 1.13 and a beta of 1.20.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a $0.125 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. D. R. Horton’s payout ratio is currently 18.73%.

In other news, insider David V. Auld sold 4,986 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $45.00, for a total value of $224,370.00. Following the transaction, the insider now owns 223,485 shares in the company, valued at approximately $10,056,825. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 940 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $40,100.40. Following the completion of the transaction, the director now owns 6,590 shares in the company, valued at approximately $281,129.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 245,602 shares of company stock worth $10,828,080. Company insiders own 7.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Raymond James Financial Services Advisors Inc. increased its holdings in shares of D. R. Horton by 20.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,836 shares of the construction company’s stock valued at $1,710,000 after acquiring an additional 7,369 shares during the last quarter. Sei Investments Co. increased its holdings in shares of D. R. Horton by 4.1% in the 3rd quarter. Sei Investments Co. now owns 93,192 shares of the construction company’s stock valued at $3,721,000 after acquiring an additional 3,705 shares during the last quarter. Commonwealth Equity Services Inc increased its holdings in shares of D. R. Horton by 6.2% in the 3rd quarter. Commonwealth Equity Services Inc now owns 29,385 shares of the construction company’s stock valued at $1,173,000 after acquiring an additional 1,726 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of D. R. Horton by 5.3% in the 3rd quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock valued at $984,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of D. R. Horton by 6.1% in the 3rd quarter. Macquarie Group Ltd. now owns 358,431 shares of the construction company’s stock valued at $14,312,000 after acquiring an additional 20,476 shares during the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.

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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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