D. R. Horton (NYSE:DHI) Given New $67.00 Price Target at Wells Fargo & Co

D. R. Horton (NYSE:DHI) had its price objective lifted by Wells Fargo & Co from $54.00 to $67.00 in a research note released on Wednesday, The Fly reports. The firm currently has an outperform rating on the construction company’s stock.

Several other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of D. R. Horton from a hold rating to a sell rating in a research report on Thursday, October 10th. BTIG Research upped their price target on shares of D. R. Horton from $62.00 to $67.00 and gave the stock a buy rating in a research report on Wednesday. Seaport Global Securities initiated coverage on shares of D. R. Horton in a research report on Friday, August 23rd. They set a buy rating and a $59.00 price target on the stock. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the stock a hold rating in a research report on Wednesday, July 31st. Finally, JMP Securities upped their price target on shares of D. R. Horton from $49.00 to $52.00 and gave the stock a market outperform rating in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. D. R. Horton has a consensus rating of Buy and a consensus price target of $52.48.

NYSE DHI traded down $0.76 on Wednesday, hitting $53.50. 5,404,211 shares of the company were exchanged, compared to its average volume of 5,357,519. The firm has a 50 day moving average of $52.65 and a two-hundred day moving average of $47.73. The company has a market cap of $20.07 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.05 and a beta of 1.01. The company has a current ratio of 7.25, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. D. R. Horton has a 1-year low of $32.39 and a 1-year high of $55.67.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.10. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $4.86 billion. D. R. Horton had a net margin of 9.20% and a return on equity of 16.63%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. Research analysts anticipate that D. R. Horton will post 4.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 1.31%. D. R. Horton’s dividend payout ratio is presently 13.99%.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total transaction of $346,150.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.87% of the company’s stock.

Several hedge funds have recently made changes to their positions in DHI. Park National Corp OH increased its stake in shares of D. R. Horton by 12.9% in the 2nd quarter. Park National Corp OH now owns 146,269 shares of the construction company’s stock valued at $6,308,000 after acquiring an additional 16,664 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its stake in D. R. Horton by 0.7% during the 2nd quarter. Beese Fulmer Investment Management Inc. now owns 74,532 shares of the construction company’s stock worth $3,215,000 after purchasing an additional 526 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in D. R. Horton by 4.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 37,792 shares of the construction company’s stock worth $1,630,000 after purchasing an additional 1,707 shares in the last quarter. Farmers Trust Co. increased its stake in D. R. Horton by 0.6% during the 2nd quarter. Farmers Trust Co. now owns 87,785 shares of the construction company’s stock worth $3,786,000 after purchasing an additional 548 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its stake in D. R. Horton by 33.8% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,072 shares of the construction company’s stock worth $89,000 after purchasing an additional 523 shares in the last quarter. 86.78% of the stock is owned by 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 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.

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The Fly

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

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