D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Keefe, Bruyette & Woods lowered their FY2017 earnings per share (EPS) estimates for shares of D.R. Horton in a research note issued to investors on Tuesday. Keefe, Bruyette & Woods analyst J. Rahmani now anticipates that the construction company will post earnings of $2.70 per share for the year, down from their prior estimate of $2.75. Keefe, Bruyette & Woods also issued estimates for D.R. Horton’s Q4 2017 earnings at $0.79 EPS.

D.R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. TRADEMARK VIOLATION NOTICE: “Keefe, Bruyette & Woods Research Analysts Decrease Earnings Estimates for D.R. Horton, Inc. (DHI)” was published by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/05/keefe-bruyette-woods-research-analysts-decrease-earnings-estimates-for-d-r-horton-inc-dhi.html.

Several other analysts have also issued reports on DHI. Credit Suisse Group started coverage on shares of D.R. Horton in a research report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price target for the company. Bank of America Corporation restated a “buy” rating and set a $42.00 price target (up from $41.00) on shares of D.R. Horton in a research report on Tuesday, June 27th. Raymond James Financial, Inc. upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research report on Friday, June 30th. BidaskClub upgraded shares of D.R. Horton from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $36.85.

D.R. Horton (NYSE:DHI) opened at 40.84 on Thursday. The firm’s 50-day moving average price is $36.97 and its 200 day moving average price is $34.92. D.R. Horton has a one year low of $26.69 and a one year high of $40.85. The firm has a market capitalization of $15.29 billion, a P/E ratio of 15.30 and a beta of 1.24.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in D.R. Horton by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock worth $503,000 after buying an additional 37 shares during the period. BKD Wealth Advisors LLC lifted its holdings in D.R. Horton by 0.3% in the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock worth $394,000 after buying an additional 39 shares during the period. First Allied Advisory Services Inc. lifted its holdings in D.R. Horton by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock worth $355,000 after buying an additional 42 shares during the period. Cleararc Capital Inc. lifted its holdings in D.R. Horton by 0.7% in the first quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock worth $276,000 after buying an additional 59 shares during the period. Finally, Shufro Rose & Co. LLC lifted its holdings in D.R. Horton by 0.6% in the second quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock worth $396,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

In other D.R. Horton news, Director Barbara K. Allen sold 1,666 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the sale, the director now directly owns 7,316 shares in the company, valued at $263,595.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the completion of the sale, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock valued at $912,606 over the last 90 days. 7.20% of the stock is currently owned by company insiders.

D.R. Horton announced that its Board of Directors has approved a stock buyback program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

Earnings History and Estimates for D.R. Horton (NYSE:DHI)

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