D. R. Horton (DHI) Coverage Initiated at Buckingham Research

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Buckingham Research started coverage on shares of D. R. Horton (NYSE:DHI) in a research report released on Friday, The Fly reports. The brokerage issued a buy rating on the construction company’s stock.

Several other research firms have also commented on DHI. Wedbush reaffirmed an outperform rating and set a $47.00 price objective on shares of D. R. Horton in a research note on Friday, September 14th. Barclays set a $51.00 price objective on shares of D. R. Horton and gave the stock a buy rating in a research note on Friday, September 14th. ValuEngine lowered shares of D. R. Horton from a hold rating to a sell rating in a research note on Tuesday, October 2nd. JMP Securities set a $47.00 price objective on shares of D. R. Horton and gave the stock a buy rating in a research note on Tuesday, October 9th. Finally, Bank of America set a $65.00 target price on shares of D. R. Horton and gave the company a buy rating in a research note on Thursday, October 11th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $46.87.

NYSE DHI traded up $0.49 on Friday, hitting $39.60. 5,860,571 shares of the stock were exchanged, compared to its average volume of 6,542,496. The company has a quick ratio of 1.31, a current ratio of 7.25 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.77 and a beta of 1.16. D. R. Horton has a 52-week low of $32.39 and a 52-week high of $52.74.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. D. R. Horton’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. Equities research analysts anticipate that D. R. Horton will post 4.18 EPS for the current year.

In other news, CFO Bill W. Wheat sold 12,892 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.71, for a total transaction of $486,157.32. Following the completion of the sale, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 31,000 shares of the business’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $37.13, for a total transaction of $1,151,030.00. Following the sale, the chief operating officer now directly owns 112,101 shares of the company’s stock, valued at $4,162,310.13. The disclosure for this sale can be found here. Insiders have sold 226,892 shares of company stock valued at $8,206,227 over the last three months. Insiders own 6.87% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Fin Capital Inc. raised its holdings in shares of D. R. Horton by 7.3% in the third quarter. Blue Fin Capital Inc. now owns 11,776 shares of the construction company’s stock valued at $497,000 after acquiring an additional 800 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of D. R. Horton by 4.2% in the third quarter. Bahl & Gaynor Inc. now owns 36,777 shares of the construction company’s stock valued at $1,551,000 after acquiring an additional 1,475 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of D. R. Horton by 1.5% in the third quarter. D.A. Davidson & CO. now owns 101,198 shares of the construction company’s stock valued at $4,269,000 after acquiring an additional 1,493 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of D. R. Horton by 24.1% in the third quarter. Advisory Services Network LLC now owns 9,275 shares of the construction company’s stock valued at $391,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC raised its holdings in shares of D. R. Horton by 20.1% in the third quarter. Gyroscope Capital Management Group LLC now owns 11,144 shares of the construction company’s stock valued at $449,000 after acquiring an additional 1,865 shares in the last quarter. Hedge funds and other institutional investors own 81.58% of the company’s stock.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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