D. R. Horton Inc (DHI) Receives $53.27 Average PT from Analysts

Shares of D. R. Horton Inc (NYSE:DHI) have earned an average rating of “Buy” from the eighteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $52.60.

A number of equities analysts have recently weighed in on the company. Credit Suisse Group set a $45.00 target price on D. R. Horton and gave the company a “buy” rating in a report on Wednesday. Bank of America set a $65.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Thursday, October 11th. JMP Securities set a $47.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Tuesday, October 9th. ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Barclays set a $51.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th.

In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.74% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BB&T Corp boosted its position in D. R. Horton by 1.5% during the third quarter. BB&T Corp now owns 170,316 shares of the construction company’s stock worth $7,184,000 after purchasing an additional 2,529 shares during the period. First American Bank bought a new stake in shares of D. R. Horton in the third quarter valued at approximately $2,886,000. First Hawaiian Bank bought a new stake in shares of D. R. Horton in the third quarter valued at approximately $766,000. First Manhattan Co. boosted its position in shares of D. R. Horton by 9,615.2% in the third quarter. First Manhattan Co. now owns 274,551 shares of the construction company’s stock valued at $11,580,000 after acquiring an additional 271,725 shares during the period. Finally, BLB&B Advisors LLC boosted its position in shares of D. R. Horton by 36.0% in the third quarter. BLB&B Advisors LLC now owns 69,356 shares of the construction company’s stock valued at $2,925,000 after acquiring an additional 18,366 shares during the period. 83.86% of the stock is owned by hedge funds and other institutional investors.

Shares of DHI traded down $0.87 during trading hours on Friday, reaching $37.78. The company’s stock had a trading volume of 6,704,100 shares, compared to its average volume of 4,454,317. The company has a market capitalization of $15.88 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.02 and a beta of 1.08. D. R. Horton has a 1-year low of $37.28 and a 1-year high of $53.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11.

D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.10. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.32 billion. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Equities research analysts expect that D. R. Horton will post 4.14 earnings per share for the current fiscal year.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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