D. R. Horton Inc (DHI) Given Average Recommendation of “Buy” by Brokerages

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D. R. Horton Inc (NYSE:DHI) has been given a consensus recommendation of “Buy” by the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $46.38.

Several equities research analysts have issued reports on the company. ValuEngine raised D. R. Horton from a “sell” rating to a “hold” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $43.00 target price on shares of D. R. Horton in a research note on Wednesday, January 23rd. Credit Suisse Group set a $45.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Buckingham Research assumed coverage on D. R. Horton in a research note on Friday, January 11th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods cut D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Friday, January 11th.

DHI stock opened at $40.17 on Thursday. The company has a quick ratio of 0.73, a current ratio of 6.85 and a debt-to-equity ratio of 0.36. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. D. R. Horton has a 52-week low of $32.39 and a 52-week high of $47.00.

D. R. Horton (NYSE:DHI) last posted its earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. D. R. Horton’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. As a group, equities research analysts anticipate that D. R. Horton will post 3.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Monday, February 11th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. D. R. Horton’s payout ratio is presently 14.67%.

In other news, Director Barbara K. Allen sold 4,000 shares of D. R. Horton stock in a transaction on Monday, January 28th. The stock was sold at an average price of $36.79, for a total value of $147,160.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald R. Horton sold 163,000 shares of D. R. Horton stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $36.08, for a total value of $5,881,040.00. Following the completion of the sale, the chairman now directly owns 23,833,899 shares of the company’s stock, valued at $859,927,075.92. The disclosure for this sale can be found here. Insiders sold 230,892 shares of company stock valued at $8,353,387 over the last ninety days. Insiders own 6.87% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sage Capital Advisors llc acquired a new stake in shares of D. R. Horton in the fourth quarter valued at $31,000. JOYN Advisors Inc. boosted its holdings in D. R. Horton by 37.0% in the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after purchasing an additional 268 shares during the period. Proficio Capital Partners LLC boosted its holdings in D. R. Horton by 125.0% in the fourth quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock valued at $38,000 after purchasing an additional 615 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in D. R. Horton by 80.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,800 shares of the construction company’s stock valued at $62,000 after purchasing an additional 800 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in D. R. Horton by 142.1% in the fourth quarter. Bessemer Group Inc. now owns 2,133 shares of the construction company’s stock valued at $74,000 after purchasing an additional 1,252 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

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.

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

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