D. R. Horton Inc (DHI) Given Average Recommendation of “Buy” by Brokerages

Shares of D. R. Horton Inc (NYSE:DHI) have been given a consensus recommendation of “Buy” by the nineteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $51.88.

Several analysts recently commented on the company. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $50.00 target price on shares of D. R. Horton in a research report on Friday. Mizuho restated a “hold” rating and issued a $47.00 target price on shares of D. R. Horton in a research report on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $52.00 target price on shares of D. R. Horton in a research report on Wednesday, March 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th.

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Shares of D. R. Horton (NYSE:DHI) opened at $43.30 on Monday. D. R. Horton has a 1 year low of $31.98 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The company has a market capitalization of $16,277.36, a P/E ratio of 14.68, 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 EPS for the quarter, beating the 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 analysts’ expectations of $3.26 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year. equities analysts anticipate that D. R. Horton will post 3.82 earnings per share for the current year.

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

In other news, Director Barbara K. Allen sold 3,667 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the completion of the sale, the director now directly owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Donald R. Horton sold 10,244 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.23, for a total value of $432,604.12. Following the sale, the chairman now directly owns 23,418,979 shares of the company’s stock, valued at $988,983,483.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 245,602 shares of company stock valued at $10,828,080. 6.74% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of D. R. Horton by 4.2% during the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock worth $1,570,810,000 after acquiring an additional 1,232,825 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of D. R. Horton by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after acquiring an additional 306,287 shares in the last quarter. Millennium Management LLC boosted its stake in shares of D. R. Horton by 309.9% during the 4th quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock worth $258,061,000 after acquiring an additional 3,820,298 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of D. R. Horton by 615.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock worth $122,758,000 after acquiring an additional 2,067,640 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of D. R. Horton by 12.1% during the 4th quarter. Guggenheim Capital LLC now owns 1,906,258 shares of the construction company’s stock worth $97,354,000 after acquiring an additional 206,195 shares in the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

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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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