D. R. Horton (DHI) Given Outperform Rating at Credit Suisse Group

D. R. Horton (NYSE:DHI)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a report issued on Monday, The Fly reports. They currently have a $60.00 price objective on the construction company’s stock, up from their prior price objective of $52.00. Credit Suisse Group’s price target indicates a potential upside of 16.55% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other research firms have also recently commented on DHI. ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a research report on Tuesday, January 9th. Mizuho set a $56.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research report on Thursday. UBS Group reaffirmed a “buy” rating and set a $58.00 price objective (up previously from $53.00) on shares of D. R. Horton in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada upped their price objective on D. R. Horton to $57.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. 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 issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.00.

D. R. Horton (NYSE DHI) traded up $0.54 during trading hours on Monday, reaching $51.48. The company’s stock had a trading volume of 3,502,800 shares, compared to its average volume of 3,337,331. 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 one year low of $28.03 and a one year high of $53.32. The firm has a market capitalization of $19,340.00, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts predict that D. R. Horton will post 3.5 earnings per share for the current fiscal year.

In related news, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction 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 transaction, the director now owns 6,000 shares of the company’s stock, valued at $287,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the transaction, the chief financial officer now directly owns 100,081 shares in the company, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

Several hedge funds have recently modified their holdings of DHI. Steward Partners Investment Advisory LLC boosted its stake in shares of D. R. Horton by 15,459.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,493 shares of the construction company’s stock worth $842,000 after buying an additional 16,387 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of D. R. Horton by 66.8% during the fourth quarter. State of Alaska Department of Revenue now owns 54,599 shares of the construction company’s stock worth $2,786,000 after buying an additional 21,870 shares during the period. Syntal Capital Partners LLC acquired a new stake in shares of D. R. Horton during the fourth quarter worth about $870,000. BKD Wealth Advisors LLC boosted its stake in shares of D. R. Horton by 20.1% during the fourth quarter. BKD Wealth Advisors LLC now owns 12,831 shares of the construction company’s stock worth $655,000 after buying an additional 2,143 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of D. R. Horton during the fourth quarter worth about $2,571,000. 83.40% 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.

The Fly

Analyst Recommendations for D. R. Horton (NYSE:DHI)

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