D. R. Horton Inc (NYSE:DHI) – Stock analysts at Wedbush issued their Q1 2018 EPS estimates for shares of D. R. Horton in a report issued on Wednesday. Wedbush analyst J. Mccanless forecasts that the construction company will post earnings per share of $0.67 for the quarter. Wedbush currently has a “Neutral” rating and a $50.00 target price on the stock. Wedbush also issued estimates for D. R. Horton’s Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $1.04 EPS and Q4 2018 earnings at $1.19 EPS.
DHI has been the subject of several other research reports. Buckingham Research increased their price objective on shares of D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and set a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. Mizuho reissued a “hold” rating and set a $38.00 price objective on shares of D. R. Horton in a research report on Friday, October 27th. ValuEngine downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zelman & Associates downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.35.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data 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). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 11.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Appleton Partners Inc. MA lifted its stake in shares of D. R. Horton by 17.1% during the 4th quarter. Appleton Partners Inc. MA now owns 14,399 shares of the construction company’s stock worth $735,000 after buying an additional 2,105 shares during the last quarter. Grassi Investment Management acquired a new stake in shares of D. R. Horton during the 4th quarter worth about $212,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of D. R. Horton during the 4th quarter worth about $1,320,000. Shelton Capital Management lifted its stake in shares of D. R. Horton by 80.3% during the 3rd quarter. Shelton Capital Management now owns 132,695 shares of the construction company’s stock worth $5,299,000 after buying an additional 59,100 shares during the last quarter. Finally, Optimum Investment Advisors raised its stake in D. R. Horton by 112.2% in the 3rd quarter. Optimum Investment Advisors now owns 31,350 shares of the construction company’s stock worth $1,252,000 after purchasing an additional 16,575 shares in the last quarter. Institutional investors own 83.94% of the company’s stock.
In other news, COO Michael J. Murray sold 7,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.23, for a total transaction of $337,610.00. Following the completion of the sale, the chief operating officer now owns 56,304 shares in the company, valued at approximately $2,715,541.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. In the last three months, insiders sold 28,677 shares of company stock valued at $1,410,293. Insiders own 7.20% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio (DPR) is 18.25%.
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D. R. Horton Company Profile
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.
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