JMP Securities Boosts D. R. Horton (NYSE:DHI) Price Target to $52.00

D. R. Horton (NYSE:DHI) had its price target lifted by JMP Securities from $49.00 to $52.00 in a research note published on Tuesday, The Fly reports. The firm currently has a market outperform rating on the construction company’s stock.

DHI has been the topic of a number of other reports. SunTrust Banks began coverage on shares of D. R. Horton in a research note on Monday, August 12th. They set a buy rating and a $56.00 price target on the stock. Seaport Global Securities began coverage on shares of D. R. Horton in a research note on Friday, August 23rd. They set a buy rating and a $59.00 price target on the stock. BTIG Research upped their price target on shares of D. R. Horton to $56.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Buckingham Research upped their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Finally, KeyCorp upped their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $49.22.

NYSE:DHI opened at $50.87 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $51.12. The stock has a market cap of $18.38 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The firm’s fifty day simple moving average is $48.65 and its 200-day simple moving average is $44.91.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company posted $1.18 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts anticipate that D. R. Horton will post 4.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. D. R. Horton’s payout ratio is 14.67%.

In related news, Director Michael R. Buchanan sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the director now directly owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 7,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total transaction of $346,150.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,500 shares of company stock worth $937,350. 6.87% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DHI. Egerton Capital UK LLP acquired a new stake in D. R. Horton in the 2nd quarter valued at about $387,479,000. OppenheimerFunds Inc. grew its stake in D. R. Horton by 3,904.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,673,669 shares of the construction company’s stock valued at $69,257,000 after acquiring an additional 1,631,870 shares during the last quarter. Nuveen Asset Management LLC grew its stake in D. R. Horton by 1,574.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,680,685 shares of the construction company’s stock valued at $72,488,000 after acquiring an additional 1,580,298 shares during the last quarter. Sanders Capital LLC grew its stake in D. R. Horton by 7.4% in the 2nd quarter. Sanders Capital LLC now owns 22,278,637 shares of the construction company’s stock valued at $1,048,294,000 after acquiring an additional 1,540,500 shares during the last quarter. Finally, FMR LLC grew its stake in D. R. Horton by 7.4% in the 1st quarter. FMR LLC now owns 17,558,688 shares of the construction company’s stock valued at $726,579,000 after acquiring an additional 1,211,995 shares during the last quarter. 86.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

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