Royal Bank Of Canada reiterated their buy rating on shares of D.R. Horton, Inc. (NYSE:DHI) in a research report sent to investors on Sunday morning. They currently have a $51.00 price target on the construction company’s stock.
Other equities research analysts also recently issued research reports about the company. Zelman & Associates downgraded D.R. Horton from a buy rating to a hold rating in a report on Friday, November 10th. Citigroup Inc. boosted their price objective on D.R. Horton from $42.00 to $48.00 and gave the company a neutral rating in a report on Friday, November 10th. UBS AG boosted their price objective on D.R. Horton from $50.00 to $53.00 and gave the company a buy rating in a report on Friday, November 10th. Buckingham Research boosted their price objective on D.R. Horton from $39.00 to $44.00 and gave the company a neutral rating in a report on Friday, November 10th. Finally, Barclays PLC boosted their price objective on D.R. Horton from $34.00 to $41.00 and gave the company an equal weight rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. D.R. Horton presently has an average rating of Buy and a consensus target price of $44.06.
Shares of D.R. Horton (NYSE:DHI) opened at $47.64 on Friday. D.R. Horton has a 1 year low of $27.15 and a 1 year high of $47.91. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $17,658.10, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.
D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. D.R. Horton’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities research analysts expect that D.R. Horton will post 3.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.125 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, November 30th. D.R. Horton’s dividend payout ratio is currently 14.65%.
D.R. Horton declared that its board has initiated a stock buyback program on Wednesday, July 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
In other news, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the completion of the transaction, the director now directly owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 9,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $37.06, for a total value of $333,540.00. Following the transaction, the director now directly owns 24,880 shares of the company’s stock, valued at $922,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,000 shares of company stock valued at $852,580. Insiders own 7.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Csenge Advisory Group acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $237,000. Capital Analysts LLC boosted its position in shares of D.R. Horton by 4.4% in the 2nd quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock valued at $3,140,000 after purchasing an additional 3,841 shares during the period. Cetera Investment Advisers acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at about $216,000. Meiji Yasuda Life Insurance Co boosted its position in shares of D.R. Horton by 17.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock valued at $1,182,000 after purchasing an additional 5,200 shares during the period. Finally, Swiss National Bank boosted its position in shares of D.R. Horton by 3.0% in the 2nd quarter. Swiss National Bank now owns 1,292,574 shares of the construction company’s stock valued at $44,684,000 after purchasing an additional 37,300 shares during the period. 81.12% of the stock is owned by institutional investors and hedge funds.
D.R. Horton Company Profile
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.
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