D. R. Horton Inc (NYSE:DHI) – Equities research analysts at KeyCorp issued their Q3 2018 earnings per share estimates for shares of D. R. Horton in a report released on Wednesday. KeyCorp analyst K. Zener forecasts that the construction company will earn $1.12 per share for the quarter. KeyCorp has a “Buy” rating and a $46.00 price objective on the stock. KeyCorp also issued estimates for D. R. Horton’s Q4 2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.26 EPS and Q4 2019 earnings at $1.29 EPS.
DHI has been the topic of a number of other research reports. Buckingham Research upped their price objective on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Mizuho reaffirmed a “hold” rating and set a $38.00 price objective on shares of D. R. Horton in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zelman & Associates lowered D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.69.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share 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 firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. D. R. Horton’s quarterly revenue was up 14.8% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of DHI. Jackson Grant Investment Advisers Inc. purchased a new stake in D. R. Horton during the fourth quarter worth $110,000. Advisory Services Network LLC lifted 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 acquiring an additional 2,250 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $193,000. IBM Retirement Fund purchased a new stake in shares of D. R. Horton in the third quarter valued at $201,000. Finally, Gofen & Glossberg LLC IL purchased a new stake in shares of D. R. Horton in the fourth quarter valued at $204,000. Institutional investors own 83.22% of the company’s stock.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the sale, the director now owns 11,317 shares in the company, valued at $540,613.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,344 shares of company stock worth $1,585,466. 7.20% of the stock is owned by company insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. D. R. Horton’s payout ratio is 18.66%.
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.
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.