D. R. Horton (DHI) Given a $38.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $38.00 price objective on D. R. Horton (NYSE:DHI) in a report issued on Friday. The firm currently has a hold rating on the construction company’s stock.

Other analysts have also recently issued reports about the stock. Credit Suisse Group set a $45.00 price target on shares of D. R. Horton and gave the stock a buy rating in a report on Wednesday, October 17th. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the stock a buy rating in a report on Thursday, October 11th. JMP Securities set a $47.00 price target on shares of D. R. Horton and gave the stock a buy rating in a report on Tuesday, October 9th. KeyCorp set a $54.00 price target on shares of D. R. Horton and gave the stock a buy rating in a report on Friday, July 27th. Finally, Barclays set a $51.00 price target on shares of D. R. Horton and gave the stock a buy rating in a report on Friday, September 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $48.79.

Shares of DHI stock traded up $0.18 during trading on Friday, hitting $34.40. 8,794,038 shares of the company were exchanged, compared to its average volume of 5,861,622. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. The stock has a market cap of $14.15 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.83 and a beta of 1.26. D. R. Horton has a twelve month low of $33.70 and a twelve month high of $53.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. Sell-side analysts predict that D. R. Horton will post 4.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 23rd. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s dividend payout ratio (DPR) is presently 12.22%.

In related news, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of D. R. Horton by 0.5% in the first quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock valued at $25,022,000 after purchasing an additional 2,776 shares during the period. DnB Asset Management AS raised its position in shares of D. R. Horton by 5.0% in the second quarter. DnB Asset Management AS now owns 44,434 shares of the construction company’s stock valued at $1,822,000 after purchasing an additional 2,100 shares during the period. IFM Investors Pty Ltd raised its position in shares of D. R. Horton by 45.1% in the second quarter. IFM Investors Pty Ltd now owns 17,592 shares of the construction company’s stock valued at $721,000 after purchasing an additional 5,468 shares during the period. State of Alaska Department of Revenue raised its position in shares of D. R. Horton by 27.9% in the second quarter. State of Alaska Department of Revenue now owns 87,659 shares of the construction company’s stock valued at $3,592,000 after purchasing an additional 19,110 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of D. R. Horton by 8.3% in the second quarter. Xact Kapitalforvaltning AB now owns 86,541 shares of the construction company’s stock valued at $3,548,000 after purchasing an additional 6,623 shares during the period. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

Featured Article: Liquidity

Analyst Recommendations for D. R. Horton (NYSE:DHI)

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit