D. R. Horton (DHI) PT Raised to $57.00

D. R. Horton (NYSE:DHI) had its price target raised by equities researchers at Royal Bank of Canada to $57.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 12.69% from the company’s previous close.

DHI has been the topic of a number of other research reports. BidaskClub downgraded shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Bank of America lifted their price objective on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. UBS began coverage on D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. KeyCorp lifted their price objective on D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Barclays lifted their price objective on D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.29.

D. R. Horton (NYSE:DHI) traded up $0.24 on Monday, reaching $50.58. 6,087,700 shares of the company’s stock were exchanged, compared to its average volume of 4,045,789. D. R. Horton has a 1 year low of $27.21 and a 1 year high of $51.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The firm has a market capitalization of $18,969.42, a P/E ratio of 18.53, a P/E/G ratio of 1.57 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. analysts forecast that D. R. Horton will post 3.22 earnings per share for the current fiscal year.

In related news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction dated Friday, November 24th. The stock was 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 of the company’s stock, valued at $4,969,021.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $287,160. The disclosure for this sale can be found here. Insiders sold 28,677 shares of company stock valued at $1,410,293 over the last ninety days. 7.20% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in DHI. Janney Montgomery Scott LLC bought a new position in shares of D. R. Horton in the second quarter valued at about $339,000. State of New Jersey Common Pension Fund D acquired a new stake in D. R. Horton in the second quarter worth about $795,000. Global X Management Co. LLC increased its position in D. R. Horton by 15.6% in the second quarter. Global X Management Co. LLC now owns 8,151 shares of the construction company’s stock worth $282,000 after purchasing an additional 1,098 shares during the period. Schwab Charles Investment Management Inc. increased its position in D. R. Horton by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,122,312 shares of the construction company’s stock worth $38,799,000 after purchasing an additional 81,462 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in D. R. Horton by 44.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 55,054 shares of the construction company’s stock worth $1,936,000 after purchasing an additional 16,906 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

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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.