D. R. Horton’s (DHI) “Buy” Rating Reaffirmed at Barclays

D. R. Horton (NYSE:DHI)‘s stock had its “buy” rating restated by investment analysts at Barclays in a research report issued on Friday. They currently have a $41.00 price target on the construction company’s stock. Barclays’ price objective points to a potential upside of 19.19% from the stock’s previous close.

A number of other research firms have also recently issued reports on DHI. Evercore ISI upgraded D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. Bank of America set a $65.00 target price on D. R. Horton and gave the stock a “buy” rating in a report on Thursday, October 11th. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Credit Suisse Group set a $45.00 price objective on D. R. Horton and gave the company a “buy” rating in a report on Wednesday, October 17th. Finally, JMP Securities decreased their price objective on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.79.

DHI stock traded up $0.18 during trading hours on Friday, reaching $34.40. 8,794,038 shares of the stock were exchanged, compared to its average volume of 5,861,622. The stock has a market cap of $14.15 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. D. R. Horton has a 12 month low of $33.70 and a 12 month high of $53.32.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.22. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts forecast that D. R. Horton will post 4.54 earnings per share for the current fiscal year.

In other news, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $495,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Principal Financial Group Inc. grew its holdings in shares of D. R. Horton by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 570,758 shares of the construction company’s stock valued at $25,022,000 after acquiring an additional 2,776 shares in the last quarter. DnB Asset Management AS lifted its stake in D. R. Horton by 5.0% in the 2nd quarter. DnB Asset Management AS now owns 44,434 shares of the construction company’s stock valued at $1,822,000 after purchasing an additional 2,100 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in D. R. Horton by 45.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 17,592 shares of the construction company’s stock valued at $721,000 after purchasing an additional 5,468 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in D. R. Horton by 27.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 87,659 shares of the construction company’s stock valued at $3,592,000 after purchasing an additional 19,110 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in D. R. Horton by 8.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 86,541 shares of the construction company’s stock valued at $3,548,000 after purchasing an additional 6,623 shares during the last quarter. Institutional investors own 84.11% of the company’s stock.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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