D. R. Horton Inc (NYSE:DHI) – Research analysts at MKM Partners raised their Q2 2018 earnings estimates for shares of D. R. Horton in a note issued to investors on Monday. MKM Partners analyst M. Mcgrath now anticipates that the construction company will earn $0.85 per share for the quarter, up from their prior estimate of $0.69. MKM Partners also issued estimates for D. R. Horton’s Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.19 EPS and FY2019 earnings at $4.12 EPS.
Several other brokerages have also recently issued reports on DHI. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Citigroup boosted their price objective on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Bank of America boosted their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.69.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 14.8% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a $0.125 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. D. R. Horton’s payout ratio is 18.73%.
In other D. R. Horton news, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the completion of the sale, the director now directly owns 11,317 shares in the company, valued at approximately $540,613.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael W. Hewatt sold 2,000 shares of the business’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 sale, the director now owns 6,000 shares of the company’s stock, valued at $287,160. The disclosure for this sale can be found here. Insiders sold a total of 32,344 shares of company stock valued at $1,585,466 in the last ninety days. 7.20% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DHI. Assenagon Asset Management S.A. purchased a new stake in D. R. Horton during the 4th quarter worth approximately $56,286,000. Gruss Capital Management LP purchased a new stake in shares of D. R. Horton in the third quarter valued at approximately $35,342,000. Impala Asset Management LLC grew its position in shares of D. R. Horton by 278.8% in the third quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock valued at $38,039,000 after purchasing an additional 701,113 shares in the last quarter. HAP Trading LLC grew its position in shares of D. R. Horton by 574.0% in the third quarter. HAP Trading LLC now owns 713,870 shares of the construction company’s stock valued at $28,505,000 after purchasing an additional 607,951 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of D. R. Horton by 21.2% in the third quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock valued at $134,434,000 after purchasing an additional 588,327 shares in the last quarter. Institutional investors own 83.22% of the company’s stock.
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.
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