D. R. Horton Inc (NYSE:DHI) – Research analysts at MKM Partners upped their Q2 2018 earnings estimates for D. R. Horton in a report released on Monday. MKM Partners analyst M. Mcgrath now forecasts that the construction company will earn $0.85 per share for the quarter, up from their prior estimate of $0.69. MKM Partners also issued estimates for D. R. Horton’s Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.19 EPS and FY2019 earnings at $4.12 EPS.
A number of other research firms also recently issued reports on DHI. ValuEngine downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price target on shares of D. R. Horton in a research note on Tuesday, January 9th. Credit Suisse Group reiterated an “outperform” rating and set a $60.00 price target (up previously from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, UBS Group reiterated a “buy” rating and set a $58.00 price target (up previously from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.69.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. D. R. Horton’s payout ratio is presently 18.73%.
In related news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the completion of the sale, the director now directly owns 11,317 shares in the company, valued at approximately $540,613.09. The disclosure for this sale can be found here. Insiders sold a total of 32,344 shares of company stock worth $1,585,466 in the last 90 days. Company insiders own 7.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Csenge Advisory Group bought a new stake in shares of D. R. Horton in the 3rd quarter worth approximately $237,000. Cetera Investment Advisers bought a new stake in shares of D. R. Horton in the 2nd quarter worth approximately $216,000. Goodman Financial Corp raised its holdings in shares of D. R. Horton by 4.2% in the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after purchasing an additional 7,593 shares during the period. Toronto Dominion Bank raised its holdings in shares of D. R. Horton by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 134,772 shares of the construction company’s stock worth $5,382,000 after purchasing an additional 13,940 shares during the period. Finally, Barometer Capital Management Inc. raised its holdings in shares of D. R. Horton by 2,135.3% in the 3rd quarter. Barometer Capital Management Inc. now owns 462,700 shares of the construction company’s stock worth $18,476,000 after purchasing an additional 442,000 shares during the period. 83.22% of the stock is currently owned by institutional investors.
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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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