Shares of D. R. Horton Inc (NYSE:DHI) have earned an average recommendation of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $47.92.
A number of brokerages have recently weighed in on DHI. Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $45.66 to $37.30 in a research note on Monday, April 22nd. BTIG Research raised their target price on D. R. Horton to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Buckingham Research raised their target price on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Susquehanna Bancshares restated a “neutral” rating and issued a $49.00 target price (up from $46.00) on shares of D. R. Horton in a research note on Wednesday, April 17th. Finally, Barclays raised their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st.
Shares of NYSE:DHI traded down $0.54 during midday trading on Thursday, reaching $47.23. The company’s stock had a trading volume of 3,032,698 shares, compared to its average volume of 4,285,138. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $48.38. The company has a market capitalization of $17.72 billion, a P/E ratio of 11.55, a P/E/G ratio of 1.05 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $44.84.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. D. R. Horton’s payout ratio is 14.67%.
In related news, Director Michael R. Buchanan sold 5,000 shares of D. R. Horton stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at $1,481,269.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.87% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Focused Wealth Management Inc acquired a new stake in D. R. Horton in the first quarter worth about $25,000. Front Row Advisors LLC grew its position in shares of D. R. Horton by 873.5% during the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock worth $33,000 after buying an additional 725 shares during the period. Ropes Wealth Advisors LLC acquired a new position in shares of D. R. Horton during the 1st quarter worth about $37,000. Parallel Advisors LLC grew its position in shares of D. R. Horton by 64.5% during the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after buying an additional 354 shares during the period. Finally, Cornerstone Advisors Inc. grew its position in shares of D. R. Horton by 268.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after buying an additional 684 shares during the period. Hedge funds and other institutional investors own 87.10% 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 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.
Further Reading: Quiet Period
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