D. R. Horton (DHI) Earns “Hold” Rating from Keefe, Bruyette & Woods

D. R. Horton (NYSE:DHI)‘s stock had its “hold” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday. They currently have a $56.00 price target on the construction company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 6.00% from the company’s current price.

Several other brokerages have also recently issued reports on DHI. ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada boosted their price target on D. R. Horton to $57.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Wedbush cut D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Tuesday, December 12th. BTIG Research boosted their price target on D. R. Horton to $62.00 in a research report on Thursday, December 14th. Finally, Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. D. R. Horton presently has a consensus rating of “Buy” and a consensus price target of $47.35.

Shares of D. R. Horton (NYSE:DHI) traded down $0.04 during mid-day trading on Tuesday, reaching $52.83. The company had a trading volume of 3,458,390 shares, compared to its average volume of 3,430,000. The firm has a market cap of $19,860.00, a PE ratio of 19.28, a PEG ratio of 1.62 and a beta of 1.32. D. R. Horton has a 1 year low of $27.61 and a 1 year high of $53.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. equities research analysts predict that D. R. Horton will post 3.24 earnings per share for the current year.

In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of D. R. Horton stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now directly owns 56,304 shares in the company, valued at approximately $2,715,541.92. The disclosure for this sale can be found here. Insiders sold a total of 28,677 shares of company stock worth $1,410,293 in the last ninety days. 6.74% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DHI. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton in the 2nd quarter valued at approximately $100,000. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC boosted its stake 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 acquiring an additional 200 shares in the last quarter. Advisory Services Network LLC boosted its stake 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 acquiring an additional 2,250 shares in the last quarter. Finally, IBM Retirement Fund purchased a new stake in shares of D. R. Horton during the 3rd quarter worth approximately $201,000. 83.94% of the stock is currently owned by institutional investors.

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About D. R. Horton

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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