D. R. Horton (NYSE:DHI) Hits New 52-Week High at $48.45

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D. R. Horton Inc (NYSE:DHI) shares hit a new 52-week high on Monday . The company traded as high as $48.45 and last traded at $48.41, with a volume of 423721 shares trading hands. The stock had previously closed at $47.75.

DHI has been the topic of a number of recent analyst reports. SunTrust Banks initiated coverage on shares of D. R. Horton in a research note on Monday, August 12th. They issued a “buy” rating and a $56.00 target price on the stock. KeyCorp increased their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $45.66 to $37.30 in a research report on Monday, April 22nd. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Buckingham Research increased their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.42.

The firm has a 50-day moving average price of $45.34 and a 200-day moving average price of $43.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The stock has a market cap of $17.37 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.03 and a beta of 1.08.

D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. D. R. Horton’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that D. R. Horton Inc will post 4.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, August 9th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

In other D. R. Horton news, Director Michael R. Buchanan sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at approximately $1,481,269.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradley S. Anderson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Ibex Wealth Advisors bought a new position in shares of D. R. Horton during the 2nd quarter valued at approximately $41,000. Swiss National Bank lifted its holdings in D. R. Horton by 2.5% in the 1st quarter. Swiss National Bank now owns 1,193,274 shares of the construction company’s stock worth $49,378,000 after purchasing an additional 29,500 shares in the last quarter. Appleton Partners Inc. MA lifted its holdings in D. R. Horton by 66.9% in the 2nd quarter. Appleton Partners Inc. MA now owns 27,130 shares of the construction company’s stock worth $1,170,000 after purchasing an additional 10,870 shares in the last quarter. Evermay Wealth Management LLC lifted its holdings in D. R. Horton by 5.1% in the 1st quarter. Evermay Wealth Management LLC now owns 8,211 shares of the construction company’s stock worth $340,000 after purchasing an additional 401 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in D. R. Horton by 11.8% in the 1st quarter. First Trust Advisors LP now owns 642,678 shares of the construction company’s stock worth $26,594,000 after purchasing an additional 67,617 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

D. R. Horton Company Profile (NYSE:DHI)

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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