D. R. Horton (DHI) Price Target Increased to $58.00 by Analysts at UBS Group
D. R. Horton (NYSE:DHI) had its target price raised by UBS Group from $53.00 to $58.00 in a research note issued to investors on Wednesday, 99wallstreet.com reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price target would indicate a potential upside of 11.36% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. BTIG Research upped their price target on shares of D. R. Horton to $62.00 in a research report on Thursday, December 14th. Bank of America upped their price target on shares of D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of D. R. Horton in a research report on Tuesday, September 26th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price target on shares of D. R. Horton in a research report on Monday, September 25th. Finally, JMP Securities set a $45.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.65.
D. R. Horton (DHI) traded up $1.26 during trading on Wednesday, hitting $52.09. 2,223,736 shares of the stock traded hands, compared to its average volume of 3,301,480. The company has a market capitalization of $19,440.00, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.49 and a beta of 1.32. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. D. R. Horton has a fifty-two week low of $27.97 and a fifty-two week high of $53.32.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $287,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were 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 of the company’s stock, valued at $4,969,021.65. The disclosure for this sale can be found here. Insiders sold a total of 28,677 shares of company stock valued at $1,410,293 in the last quarter. 6.74% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Csenge Advisory Group acquired a new stake in D. R. Horton in the 3rd quarter valued at about $237,000. Cetera Investment Advisers acquired a new stake in D. R. Horton in the 2nd quarter valued at about $216,000. Goodman Financial Corp lifted its holdings in D. R. Horton by 4.2% in the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock valued at $7,516,000 after acquiring an additional 7,593 shares during the last quarter. Toronto Dominion Bank lifted its holdings in D. R. Horton by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 134,772 shares of the construction company’s stock valued at $5,382,000 after acquiring an additional 13,940 shares during the last quarter. Finally, Barometer Capital Management Inc. lifted its holdings in D. R. Horton by 2,135.3% in the 3rd quarter. Barometer Capital Management Inc. now owns 462,700 shares of the construction company’s stock valued at $18,476,000 after acquiring an additional 442,000 shares during the last quarter. 83.94% of the stock is owned by institutional investors.
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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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