D.R. Horton (NYSE:DHI) Receives New Coverage from Analysts at Oppenheimer

Oppenheimer started coverage on shares of D.R. Horton (NYSE:DHIGet Rating) in a report published on Wednesday morning, The Fly reports. The brokerage issued a market perform rating on the construction company’s stock.

Several other research analysts have also weighed in on DHI. StockNews.com started coverage on shares of D.R. Horton in a research note on Wednesday, October 12th. They set a hold rating on the stock. Citigroup boosted their price objective on shares of D.R. Horton from $91.00 to $111.00 in a research note on Tuesday, January 10th. Raymond James downgraded shares of D.R. Horton from an outperform rating to a market perform rating in a report on Monday, January 9th. BTIG Research lifted their target price on shares of D.R. Horton from $90.00 to $101.00 and gave the stock a buy rating in a report on Tuesday, December 6th. Finally, The Goldman Sachs Group lifted their target price on shares of D.R. Horton from $76.00 to $98.00 and gave the stock a neutral rating in a report on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $93.54.

D.R. Horton Trading Down 0.7 %

Shares of NYSE DHI opened at $94.71 on Wednesday. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 1.12 and a beta of 1.49. D.R. Horton has a twelve month low of $59.25 and a twelve month high of $97.32. The company’s fifty day moving average is $87.90 and its 200-day moving average is $78.45. The company has a quick ratio of 1.10, a current ratio of 5.92 and a debt-to-equity ratio of 0.31.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.06 by ($0.39). D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The business had revenue of $9.64 billion during the quarter, compared to analyst estimates of $9.97 billion. During the same quarter in the previous year, the firm posted $3.70 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts predict that D.R. Horton will post 9.39 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, December 1st. D.R. Horton’s payout ratio is presently 6.05%.

Insider Buying and Selling

In other news, VP Aron M. Odom sold 1,300 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the sale, the vice president now owns 1,724 shares in the company, valued at approximately $144,195.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the transaction, the vice president now owns 1,724 shares in the company, valued at approximately $144,195.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 470 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $84.86, for a total transaction of $39,884.20. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $479,459. The disclosure for this sale can be found here. Insiders have sold a total of 33,770 shares of company stock valued at $3,011,976 over the last three months. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently bought and sold shares of DHI. Greenhaven Associates Inc. increased its position in shares of D.R. Horton by 421.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,803,532 shares of the construction company’s stock valued at $251,756,000 after purchasing an additional 3,074,147 shares during the last quarter. Franklin Resources Inc. grew its holdings in D.R. Horton by 34.4% during the 2nd quarter. Franklin Resources Inc. now owns 6,322,186 shares of the construction company’s stock valued at $418,465,000 after buying an additional 1,618,629 shares in the last quarter. Parnassus Investments LLC grew its holdings in D.R. Horton by 46.9% during the 2nd quarter. Parnassus Investments LLC now owns 3,206,083 shares of the construction company’s stock valued at $212,211,000 after buying an additional 1,022,921 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in D.R. Horton by 82.9% during the 3rd quarter. Nuveen Asset Management LLC now owns 2,057,494 shares of the construction company’s stock valued at $138,572,000 after buying an additional 932,649 shares in the last quarter. Finally, Echo Street Capital Management LLC grew its holdings in D.R. Horton by 40.6% during the 2nd quarter. Echo Street Capital Management LLC now owns 2,522,883 shares of the construction company’s stock valued at $166,990,000 after buying an additional 728,450 shares in the last quarter. Institutional investors own 84.87% of the company’s stock.

D.R. Horton Company Profile

(Get Rating)

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 106 markets across 33 states under the names of D.R.

Read More

The Fly logo

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

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.