D. R. Horton (DHI) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of D. R. Horton (NYSE:DHI) from a sell rating to a hold rating in a research note published on Thursday morning.

DHI has been the topic of several other research reports. Bank of America set a $65.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research note on Thursday, October 11th. Wedbush set a $43.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research note on Friday, November 9th. BTIG Research decreased their target price on shares of D. R. Horton to $52.00 and set a buy rating for the company in a research report on Friday, November 9th. Wells Fargo & Co decreased their target price on shares of D. R. Horton from $62.00 to $48.00 and set an outperform rating for the company in a research report on Monday, November 12th. Finally, JMP Securities set a $44.00 target price on shares of D. R. Horton and gave the stock a buy rating in a research report on Wednesday, November 21st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $47.86.

D. R. Horton stock opened at $36.46 on Thursday. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.69 and a beta of 1.25. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton has a twelve month low of $32.53 and a twelve month high of $53.32.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Equities research analysts forecast that D. R. Horton will post 4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.65%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s payout ratio is currently 14.67%.

In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $37.71, for a total value of $486,157.32. Following the completion of the sale, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Underhill Investment Management LLC bought a new stake in shares of D. R. Horton during the 3rd quarter worth $9,771,000. Strs Ohio boosted its holdings in shares of D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock worth $2,892,000 after buying an additional 27,373 shares during the period. Raymond James & Associates boosted its holdings in shares of D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock worth $10,385,000 after buying an additional 21,259 shares during the period. Calamos Advisors LLC boosted its holdings in shares of D. R. Horton by 6.8% during the 3rd quarter. Calamos Advisors LLC now owns 151,982 shares of the construction company’s stock worth $6,411,000 after buying an additional 9,624 shares during the period. Finally, Marco Investment Management LLC boosted its holdings in shares of D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $677,000 after buying an additional 1,900 shares during the period. 79.23% of the stock is owned by institutional investors and hedge funds.

About D. R. Horton

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.

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

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