D.R. Horton, Inc. (DHI) Receives $36.78 Average Price Target from Brokerages

D.R. Horton, Inc. (NYSE:DHI) has been given a consensus rating of “Buy” by the seventeen analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.78.

DHI has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $36.00 target price on shares of D.R. Horton in a research report on Thursday, April 13th. Credit Suisse Group AG initiated coverage on D.R. Horton in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $38.00 target price on the stock. Raymond James Financial, Inc. raised D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report on Friday, June 30th. Mizuho initiated coverage on D.R. Horton in a research report on Tuesday, May 16th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Bank of America Corporation reissued a “buy” rating and issued a $42.00 target price (up previously from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th.

D.R. Horton (NYSE DHI) traded up 0.77% during trading on Wednesday, reaching $36.61. The company’s stock had a trading volume of 2,650,083 shares. The stock’s 50 day moving average is $34.64 and its 200-day moving average is $32.58. D.R. Horton has a 52 week low of $26.69 and a 52 week high of $37.44. The firm has a market cap of $13.75 billion, a P/E ratio of 14.26 and a beta of 1.25.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 20th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. D.R. Horton had a return on equity of 14.10% and a net margin of 7.38%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $0.52 EPS. D.R. Horton’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts forecast that D.R. Horton will post $2.76 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of D.R. Horton by 171.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,740 shares of the construction company’s stock worth $813,000 after buying an additional 18,790 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of D.R. Horton by 6.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 832,778 shares of the construction company’s stock worth $22,759,000 after buying an additional 51,157 shares in the last quarter. Courier Capital LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $217,000. Swiss National Bank raised its stake in shares of D.R. Horton by 28.9% in the first quarter. Swiss National Bank now owns 1,255,274 shares of the construction company’s stock worth $41,813,000 after buying an additional 281,200 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of D.R. Horton during the first quarter worth $333,000. Institutional investors and hedge funds own 83.00% of the company’s stock.

About D.R. Horton

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.