D. R. Horton (NYSE:DHI) has been assigned a $56.00 price target by stock analysts at Mizuho in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the construction company’s stock. Mizuho’s target price indicates a potential upside of 8.78% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. UBS Group increased their price target on shares of D. R. Horton from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 price objective on shares of D. R. Horton in a research report on Sunday, November 12th. KeyCorp increased their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Finally, Wedbush cut shares of D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. D. R. Horton presently has an average rating of “Buy” and a consensus target price of $48.71.
D. R. Horton (DHI) traded up $0.54 during trading on Thursday, hitting $51.48. 3,478,603 shares of the stock traded hands, compared to its average volume of 3,280,000. D. R. Horton has a twelve month low of $28.03 and a twelve month high of $53.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The stock has a market cap of $19,360.00, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.
In other news, COO Michael J. Murray sold 7,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 56,304 shares in the company, valued at approximately $2,715,541.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the firm’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 completion of the sale, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,677 shares of company stock worth $1,410,293. 7.20% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Allied Advisory Services Inc. raised its holdings in shares of D. R. Horton by 0.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after purchasing an additional 42 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of D. R. Horton by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after purchasing an additional 111 shares in the last quarter. Evercore Wealth Management LLC raised its holdings in shares of D. R. Horton by 5.7% in the 2nd 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. Private Advisor Group LLC raised its holdings in shares of D. R. Horton by 3.0% in the 2nd quarter. Private Advisor Group LLC now owns 7,516 shares of the construction company’s stock valued at $279,000 after purchasing an additional 216 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of D. R. Horton by 0.9% in the 2nd quarter. MML Investors Services LLC now owns 25,144 shares of the construction company’s stock valued at $869,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 83.94% of the company’s stock.
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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.
