D. R. Horton (NYSE:DHI) had its target price raised by stock analysts at BTIG Research to $62.00 in a research note issued on Thursday, The Fly reports. BTIG Research’s target price indicates a potential upside of 23.16% from the company’s previous close.
A number of other equities analysts have also weighed in on DHI. BidaskClub lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a research report on Saturday, September 16th. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 target price on shares of D. R. Horton in a report on Monday, September 25th. KeyCorp reissued a “buy” rating and issued a $41.00 target price on shares of D. R. Horton in a report on Tuesday, September 26th. Finally, Bank of America boosted their target price on shares of D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. D. R. Horton presently has an average rating of “Buy” and a consensus target price of $45.94.
D. R. Horton (NYSE:DHI) traded up $0.53 on Thursday, hitting $50.34. 3,676,375 shares of the company’s stock were exchanged, compared to its average volume of 4,037,316. The company has a market capitalization of $18,680.00, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.55 and a beta of 1.32. D. R. Horton has a fifty-two week low of $27.21 and a fifty-two week high of $51.53. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
In related news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,677 shares of company stock worth $1,410,293. 7.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton during the second quarter valued at $100,000. Tower Research Capital LLC TRC raised its stake in D. R. Horton by 179.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after purchasing an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC raised its stake in D. R. Horton by 5.7% during the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after purchasing an additional 200 shares in the last quarter. Advisory Services Network LLC raised its stake in D. R. Horton by 131.9% during the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC raised its stake in D. R. Horton by 4.5% during the second quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after purchasing an additional 200 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.
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D. R. Horton Company Profile
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.
