D. R. Horton (NYSE:DHI) Sets New 52-Week High at $48.45

D. R. Horton Inc (NYSE:DHI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.45 and last traded at $48.41, with a volume of 423721 shares. The stock had previously closed at $47.75.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $45.66 to $37.30 in a research note on Monday, April 22nd. Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a report on Wednesday, July 31st. SunTrust Banks began coverage on D. R. Horton in a report on Monday, August 12th. They set a “buy” rating and a $56.00 target price on the stock. Buckingham Research raised their target price on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, KeyCorp raised their target price on D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. D. R. Horton presently has a consensus rating of “Buy” and an average price target of $48.42.

The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. The firm has a fifty day simple moving average of $45.34 and a 200 day simple moving average of $43.28. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.03 and a beta of 1.08.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the company earned $1.18 earnings per share. D. R. Horton’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts predict that D. R. Horton Inc will post 4.17 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Friday, August 9th. D. R. Horton’s payout ratio is currently 14.67%.

In other news, Director Michael R. Buchanan sold 5,000 shares of D. R. Horton stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the director now directly owns 32,076 shares of the company’s stock, valued at $1,481,269.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of D. R. Horton stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in D. R. Horton by 0.8% during the second quarter. Vanguard Group Inc. now owns 37,831,313 shares of the construction company’s stock worth $1,631,664,000 after buying an additional 315,191 shares in the last quarter. BlackRock Inc. raised its position in D. R. Horton by 2.4% in the first quarter. BlackRock Inc. now owns 29,641,765 shares of the construction company’s stock valued at $1,226,577,000 after purchasing an additional 707,543 shares during the period. Sanders Capital LLC raised its position in D. R. Horton by 7.4% in the second quarter. Sanders Capital LLC now owns 22,278,637 shares of the construction company’s stock valued at $1,048,294,000 after purchasing an additional 1,540,500 shares during the period. FMR LLC raised its position in D. R. Horton by 7.4% in the first quarter. FMR LLC now owns 17,558,688 shares of the construction company’s stock valued at $726,579,000 after purchasing an additional 1,211,995 shares during the period. Finally, Egerton Capital UK LLP purchased a new stake in D. R. Horton in the second quarter valued at $387,479,000. Hedge funds and other institutional investors own 87.90% of the company’s stock.

About D. R. Horton (NYSE:DHI)

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

See Also: Market Timing

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