D.R. Horton’s (DHI) Neutral Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of D.R. Horton (NYSE:DHI) in a research report released on Wednesday, Benzinga reports. Wedbush currently has a $115.00 price target on the construction company’s stock.

Several other analysts also recently commented on the company. Argus increased their target price on D.R. Horton from $135.00 to $145.00 and gave the company a buy rating in a research note on Monday, July 24th. Citigroup dropped their price target on D.R. Horton from $148.00 to $140.00 and set a buy rating on the stock in a research note on Monday, September 11th. Raymond James upgraded D.R. Horton from a market perform rating to an outperform rating and set a $160.00 price target on the stock in a research note on Monday, July 24th. Keefe, Bruyette & Woods raised their price target on D.R. Horton from $125.00 to $142.00 and gave the stock a market perform rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on D.R. Horton in a research note on Wednesday, May 31st. They issued a buy rating and a $150.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, D.R. Horton has a consensus rating of Moderate Buy and an average target price of $136.19.

D.R. Horton Stock Down 2.5 %

DHI stock opened at $112.37 on Wednesday. D.R. Horton has a twelve month low of $66.01 and a twelve month high of $132.30. The company has a quick ratio of 1.41, a current ratio of 6.97 and a debt-to-equity ratio of 0.28. The firm has a market cap of $38.01 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. The business has a 50 day moving average of $121.92 and a 200 day moving average of $111.68.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 20th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $2.82 by $1.08. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The business had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $4.67 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts forecast that D.R. Horton will post 13.27 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. D.R. Horton’s dividend payout ratio is presently 7.11%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $127.03, for a total transaction of $208,202.17. Following the sale, the director now directly owns 470 shares of the company’s stock, valued at $59,704.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $127.03, for a total transaction of $208,202.17. Following the sale, the director now directly owns 470 shares of the company’s stock, valued at $59,704.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total value of $3,769,920.00. Following the sale, the chief financial officer now directly owns 219,115 shares in the company, valued at $25,813,938.15. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in DHI. Bank of America Corp DE increased its holdings in shares of D.R. Horton by 168.1% in the first quarter. Bank of America Corp DE now owns 10,978,102 shares of the construction company’s stock worth $1,072,451,000 after purchasing an additional 6,883,719 shares during the last quarter. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the second quarter worth about $726,454,000. Envestnet Asset Management Inc. increased its holdings in shares of D.R. Horton by 422.2% in the first quarter. Envestnet Asset Management Inc. now owns 5,449,116 shares of the construction company’s stock worth $97,757,000 after purchasing an additional 4,405,535 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of D.R. Horton by 101,707.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after purchasing an additional 4,364,275 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of D.R. Horton in the fourth quarter worth about $247,001,000. 82.12% of the stock is owned by institutional investors.

About D.R. Horton

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.