D.R. Horton Upgraded to Buy by Jefferson Research (DHI)
D.R. Horton (NYSE:DHI) was upgraded by investment analysts at Jefferson Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday, AnalystRatingsNetwork reports.
D.R. Horton (NYSE:DHI) traded up 4.28% on Friday, hitting $23.86. The stock had a trading volume of 4,540,250 shares. D.R. Horton has a one year low of $17.52 and a one year high of $27.75. The stock has a 50-day moving average of $21.24 and a 200-day moving average of $19.75. The company has a market cap of $7.705 billion and a P/E ratio of 17.15. D.R. Horton also was the target of some unusual options trading on Tuesday. Stock traders purchased 22,781 call options on the company. This represents an increase of 325% compared to the average volume of 5,358 call options.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.20 earnings per share. D.R. Horton’s revenue was up 32.7% compared to the same quarter last year. On average, analysts predict that D.R. Horton will post $1.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Friday, February 7th will be given a dividend of 0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, February 5th.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of D.R. Horton from $21.00 to $25.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $25.00 price target on the stock, up previously from $23.00. Finally, analysts at Barclays raised their price target on shares of D.R. Horton from $24.00 to $25.00 in a research note to investors on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. D.R. Horton has an average rating of “Hold” and an average target price of $26.36.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, primarily under the name of D.
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