JMP Securities Reiterates “$44.00” Price Target for D. R. Horton (DHI)

JMP Securities set a $44.00 price objective on D. R. Horton (NYSE:DHI) in a research report released on Wednesday morning. The brokerage currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently commented on DHI. ValuEngine cut D. R. Horton from a hold rating to a sell rating in a research report on Wednesday, July 25th. KeyCorp set a $54.00 price target on D. R. Horton and gave the stock a buy rating in a research report on Friday, July 27th. Evercore ISI raised D. R. Horton from an in-line rating to an outperform rating in a research report on Friday, July 27th. BTIG Research dropped their price target on D. R. Horton to $52.00 and set a buy rating on the stock in a research report on Friday, November 9th. Finally, Wedbush set a $43.00 price target on D. R. Horton and gave the stock a buy rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $47.86.

Shares of DHI opened at $35.81 on Wednesday. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton has a 52 week low of $32.53 and a 52 week high of $53.32. The company has a market capitalization of $13.90 billion, a PE ratio of 8.77, a P/E/G ratio of 0.66 and a beta of 1.26.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, analysts forecast that D. R. Horton will post 4.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be issued a $0.15 dividend. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 23rd. D. R. Horton’s payout ratio is presently 12.22%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Underhill Investment Management LLC purchased a new stake in D. R. Horton during the 3rd quarter valued at $9,771,000. Strs Ohio raised its stake in D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after buying an additional 27,373 shares during the last quarter. Raymond James & Associates raised its stake in D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock valued at $10,385,000 after buying an additional 21,259 shares during the last quarter. Calamos Advisors LLC raised its stake in D. R. Horton by 6.8% during the 3rd quarter. Calamos Advisors LLC now owns 151,982 shares of the construction company’s stock valued at $6,411,000 after buying an additional 9,624 shares during the last quarter. Finally, Marco Investment Management LLC raised its stake in D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $677,000 after buying an additional 1,900 shares during the last quarter. Institutional investors own 82.70% of the company’s stock.

About D. R. Horton

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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