Barclays Boosts D. R. Horton (NYSE:DHI) Price Target to $73.00

Share on StockTwits

D. R. Horton (NYSE:DHI) had its price objective hoisted by Barclays from $64.00 to $73.00 in a research report released on Wednesday morning, The Fly reports. Barclays currently has an overweight rating on the construction company’s stock. The analysts noted that the move was a valuation call.

Several other equities analysts have also recently commented on the stock. ValuEngine cut shares of D. R. Horton from a sell rating to a strong sell rating in a research note on Thursday, July 2nd. TheStreet raised shares of D. R. Horton from a c+ rating to a b- rating in a research note on Wednesday, May 20th. BTIG Research raised their target price on shares of D. R. Horton from $78.00 to $85.00 and gave the company a buy rating in a research note on Wednesday. They noted that the move was a valuation call. Wedbush raised their target price on shares of D. R. Horton from $57.00 to $66.00 and gave the company an outperform rating in a research note on Wednesday, July 15th. Finally, JMP Securities initiated coverage on shares of D. R. Horton in a research note on Tuesday, July 14th. They set an outperform rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $65.83.

DHI stock opened at $66.16 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 6.82 and a debt-to-equity ratio of 0.38. D. R. Horton has a fifty-two week low of $25.51 and a fifty-two week high of $70.29. The firm’s 50-day simple moving average is $58.15 and its 200 day simple moving average is $51.69. The stock has a market cap of $24.05 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.42. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $4.99 billion. D. R. Horton had a net margin of 10.82% and a return on equity of 18.53%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 EPS. Equities analysts forecast that D. R. Horton will post 4.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Tuesday, August 11th. D. R. Horton’s payout ratio is 16.32%.

In other D. R. Horton news, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $50.81, for a total value of $93,134.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total transaction of $53,450.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $53,450. The disclosure for this sale can be found here. Company insiders own 6.96% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of D. R. Horton by 1.4% during the first quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock worth $537,765,000 after purchasing an additional 223,481 shares during the period. Capital World Investors boosted its holdings in shares of D. R. Horton by 38.6% during the first quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock worth $337,496,000 after purchasing an additional 2,763,163 shares during the period. Geode Capital Management LLC boosted its holdings in shares of D. R. Horton by 6.9% during the first quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock worth $213,586,000 after purchasing an additional 407,057 shares during the period. Norges Bank acquired a new stake in shares of D. R. Horton during the fourth quarter worth approximately $179,337,000. Finally, Capital Research Global Investors acquired a new stake in shares of D. R. Horton during the first quarter worth approximately $106,232,000. Institutional investors own 83.14% of the company’s stock.

D. R. Horton Company Profile

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.

Featured Article: How does quantitative easing work?

The Fly

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

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Lafargeholcim  Rating Reiterated by Morgan Stanley
Lafargeholcim Rating Reiterated by Morgan Stanley
Itau Unibanco  Scheduled to Post Earnings on Monday
Itau Unibanco Scheduled to Post Earnings on Monday
HealthStream  Given “Hold” Rating at Canaccord Genuity
HealthStream Given “Hold” Rating at Canaccord Genuity
Petropavlovsk  Receives Buy Rating from Canaccord Genuity
Petropavlovsk Receives Buy Rating from Canaccord Genuity
Pharos Energy  Stock Rating Reaffirmed by Shore Capital
Pharos Energy Stock Rating Reaffirmed by Shore Capital
Premier Foods  Earns Buy Rating from Shore Capital
Premier Foods Earns Buy Rating from Shore Capital


© 2006-2020 Ticker Report