D. R. Horton (DHI) PT Set at $56.00 by Mizuho

D. R. Horton (NYSE:DHI) has been assigned a $56.00 target price by equities researchers at Mizuho in a report issued on Thursday. The firm presently has a “hold” rating on the construction company’s stock. Mizuho’s price objective indicates a potential upside of 8.78% from the stock’s previous close.

A number of other research analysts have also issued reports on DHI. UBS Group restated a “buy” rating and set a $58.00 price objective (up previously from $53.00) on shares of D. R. Horton in a research report on Wednesday. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of D. R. Horton in a research report on Tuesday, September 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a research report on Tuesday, January 9th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. Finally, ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. D. R. Horton currently has an average rating of “Buy” and a consensus target price of $48.71.

D. R. Horton (NYSE:DHI) opened at $51.48 on Thursday. D. R. Horton has a 12-month low of $27.97 and a 12-month high of $53.32. The stock has a market capitalization of $19,360.00, a P/E ratio of 18.79, a P/E/G ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. equities analysts forecast that D. R. Horton will post 3.5 earnings per share for the current fiscal year.

In other news, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock valued at $1,410,293 in the last quarter. 7.20% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Allied Advisory Services Inc. raised its stake in shares of D. R. Horton by 0.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock worth $355,000 after buying an additional 42 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of D. R. Horton by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock worth $283,000 after buying an additional 111 shares in the last quarter. Evercore Wealth Management LLC raised its stake in shares of D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after buying an additional 200 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of D. R. Horton by 3.0% in the 2nd quarter. Private Advisor Group LLC now owns 7,516 shares of the construction company’s stock worth $279,000 after buying an additional 216 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of D. R. Horton by 0.9% in the 2nd quarter. MML Investors Services LLC now owns 25,144 shares of the construction company’s stock worth $869,000 after buying an additional 234 shares in the last quarter. 83.94% of the stock is currently owned by institutional investors.

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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.

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

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