Royal Bank of Canada Reiterates “$38.00” Price Target for D. R. Horton (DHI)

D. R. Horton (NYSE:DHI) has been assigned a $38.00 price target by equities researchers at Royal Bank of Canada in a research note issued to investors on Friday. The firm presently has a “hold” rating on the construction company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a $45.00 target price on D. R. Horton and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Bank of America set a $65.00 price objective on D. R. Horton and gave the company 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 company a “buy” rating in a report on Tuesday, October 9th. KeyCorp set a $54.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Barclays set a $51.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. D. R. Horton presently has an average rating of “Hold” and an average price target of $49.07.

DHI stock traded up $0.24 during trading on Friday, reaching $34.46. 187,220 shares of the stock were exchanged, compared to its average volume of 5,982,906. D. R. Horton has a twelve month low of $33.70 and a twelve month high of $53.32. The company has a market cap of $14.11 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. The company has a quick ratio of 1.11, a current ratio of 7.06 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.22. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period last year, the business earned $0.82 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that D. R. Horton will post 4.1 EPS for the current year.

In related news, Director Michael W. Hewatt sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DHI. BlackRock Inc. raised its position in shares of D. R. Horton by 0.5% during the 2nd quarter. BlackRock Inc. now owns 30,114,048 shares of the construction company’s stock valued at $1,234,675,000 after acquiring an additional 161,262 shares during the last quarter. Sanders Capital LLC raised its position in shares of D. R. Horton by 0.7% during the 3rd quarter. Sanders Capital LLC now owns 14,076,890 shares of the construction company’s stock valued at $645,407,000 after acquiring an additional 94,674 shares during the last quarter. FMR LLC raised its position in shares of D. R. Horton by 1.8% during the 2nd quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock valued at $524,694,000 after acquiring an additional 223,953 shares during the last quarter. Greenhaven Associates Inc. raised its position in shares of D. R. Horton by 6.8% during the 2nd quarter. Greenhaven Associates Inc. now owns 8,721,921 shares of the construction company’s stock valued at $357,599,000 after acquiring an additional 557,592 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of D. R. Horton by 1.5% during the 2nd quarter. Northern Trust Corp now owns 4,342,827 shares of the construction company’s stock valued at $178,056,000 after acquiring an additional 65,580 shares during the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

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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