KeyCorp Comments on D. R. Horton Inc’s Q1 2018 Earnings (DHI)
D. R. Horton Inc (NYSE:DHI) – Analysts at KeyCorp boosted their Q1 2018 earnings per share (EPS) estimates for D. R. Horton in a research note issued on Thursday. KeyCorp analyst K. Zener now forecasts that the construction company will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.65. KeyCorp currently has a “Buy” rating and a $46.00 price target on the stock. KeyCorp also issued estimates for D. R. Horton’s Q2 2018 earnings at $0.80 EPS.
Several other research firms also recently commented on DHI. Citigroup upped their target price on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. ValuEngine downgraded D. R. Horton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America increased their price target on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 price target on shares of D. R. Horton in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $51.00 price target on shares of D. R. Horton in a research report on Sunday, November 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $47.35.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the previous year, the company posted $0.75 EPS. D. R. Horton’s revenue for the quarter was up 11.4% compared to the same quarter last year.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the sale, the chief operating officer now owns 56,304 shares of the company’s stock, valued at $2,715,541.92. The disclosure for this sale can be found here. Insiders have sold 28,677 shares of company stock worth $1,410,293 in the last three months. 6.74% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Gruss Capital Management LP bought a new stake in D. R. Horton during the third quarter worth $35,342,000. Junto Capital Management LP bought a new stake in D. R. Horton during the second quarter worth $29,747,000. PDT Partners LLC bought a new stake in D. R. Horton during the second quarter worth $24,522,000. Impala Asset Management LLC lifted its stake in D. R. Horton by 278.8% during the third quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock worth $38,039,000 after purchasing an additional 701,113 shares during the last quarter. Finally, HAP Trading LLC lifted its stake in D. R. Horton by 574.0% during the third quarter. HAP Trading LLC now owns 713,870 shares of the construction company’s stock worth $28,505,000 after purchasing an additional 607,951 shares during the last quarter. Hedge funds and other institutional investors own 83.94% of the company’s stock.
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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.
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