D.R. Horton, Inc. (DHI) Receives Consensus Rating of “Buy” from Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have earned a consensus rating of “Buy” from the nineteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.18.

Several research analysts recently weighed in on DHI shares. BidaskClub downgraded shares of D.R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Bank of America Corporation upped their price target on shares of D.R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp upped their price target on shares of D.R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Wells Fargo & Company restated an “outperform” rating and set a $62.00 price target (up previously from $41.00) on shares of D.R. Horton in a research report on Monday. They noted that the move was a valuation call. Finally, UBS AG started coverage on shares of D.R. Horton in a research report on Wednesday. They set a “buy” rating and a $50.00 price target for the company.

In other news, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.11, for a total value of $144,440.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at approximately $288,880. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the sale, the director now directly owns 24,880 shares of the company’s stock, valued at approximately $922,052.80. The disclosure for this sale can be found here. In the last three months, insiders sold 23,000 shares of company stock valued at $852,580. Corporate insiders own 7.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of D.R. Horton during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC boosted its position in shares of D.R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after purchasing an additional 2,306 shares during the period. Evercore Wealth Management LLC boosted its position in shares of D.R. Horton by 5.7% during the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock worth $128,000 after purchasing an additional 200 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of D.R. Horton by 6.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock worth $129,000 after purchasing an additional 241 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of D.R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares during the period. 82.40% of the stock is owned by institutional investors and hedge funds.

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D.R. Horton (NYSE DHI) opened at 44.00 on Friday. The stock’s 50 day moving average price is $39.46 and its 200-day moving average price is $35.84. D.R. Horton has a 12 month low of $26.69 and a 12 month high of $44.06. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 16.49 and a beta of 1.24.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts expect that D.R. Horton will post $2.74 EPS for the current year.

D.R. Horton announced that its board has authorized a stock repurchase plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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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