D. R. Horton (DHI) Given “Buy” Rating at UBS Group
D. R. Horton (NYSE:DHI)‘s stock had its “buy” rating restated by equities research analysts at UBS Group in a note issued to investors on Wednesday, 99wallstreet.com reports. They currently have a $58.00 price target on the construction company’s stock, up from their previous price target of $53.00. UBS Group’s target price would suggest a potential upside of 11.32% from the company’s previous close.
A number of other research firms have also recently weighed in on DHI. Citigroup upped their price target on D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Bank of America boosted their price objective on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $51.00 price objective on shares of D. R. Horton in a research note on Sunday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. D. R. Horton has an average rating of “Buy” and a consensus price target of $47.65.
D. R. Horton (DHI) traded up $1.27 during midday trading on Wednesday, reaching $52.10. The company had a trading volume of 2,932,976 shares, compared to its average volume of 3,268,236. The firm has a market cap of $19,590.00, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. D. R. Horton has a 12 month low of $27.97 and a 12 month high of $53.32. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37.
In other news, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was 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 in the company, valued at $287,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Murray sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of 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 sold 28,677 shares of company stock valued at $1,410,293 over the last 90 days. Company insiders own 6.74% of the company’s stock.
Several hedge funds have recently bought and sold shares of DHI. Mckinley Capital Management LLC Delaware purchased a new stake in shares of D. R. Horton in the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC grew its position in shares of D. R. Horton by 179.5% in 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 grew its position in shares of D. R. Horton by 5.7% in 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 grew its position in shares of D. R. Horton by 131.9% in 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, IBM Retirement Fund purchased a new stake in shares of D. R. Horton in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 83.94% of the company’s stock.
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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