D. R. Horton (NYSE:DHI) Given New $67.00 Price Target at Wells Fargo & Co

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D. R. Horton (NYSE:DHI) had its price objective raised by Wells Fargo & Co from $54.00 to $67.00 in a report published on Wednesday morning, The Fly reports. Wells Fargo & Co currently has an outperform rating on the construction company’s stock.

Several other research firms have also recently weighed in on DHI. Barclays increased their price objective on D. R. Horton from $46.00 to $52.00 and gave the stock an overweight rating in a research report on Wednesday, July 31st. Buckingham Research increased their price objective on D. R. Horton from $53.00 to $55.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. BTIG Research increased their price objective on D. R. Horton from $62.00 to $67.00 and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the stock a hold rating in a research report on Wednesday, July 31st. Finally, ValuEngine cut D. R. Horton from a hold rating to a sell rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $52.48.

D. R. Horton stock traded down $0.76 during mid-day trading on Wednesday, hitting $53.50. 5,404,211 shares of the company’s stock traded hands, compared to its average volume of 5,357,519. The firm has a 50 day simple moving average of $52.65 and a two-hundred day simple moving average of $47.73. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $55.67. The stock has a market cap of $20.07 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.25 and a quick ratio of 0.94.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.10. D. R. Horton had a return on equity of 16.63% and a net margin of 9.20%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $1.22 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts anticipate that D. R. Horton will post 4.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.15. D. R. Horton’s dividend payout ratio (DPR) is presently 13.99%.

In related news, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Egerton Capital UK LLP bought a new position in shares of D. R. Horton in the second quarter worth $387,479,000. Nuveen Asset Management LLC increased its position in shares of D. R. Horton by 1,574.2% in the second quarter. Nuveen Asset Management LLC now owns 1,680,685 shares of the construction company’s stock worth $72,488,000 after purchasing an additional 1,580,298 shares during the period. Sanders Capital LLC increased its position in shares of D. R. Horton by 7.4% in the second quarter. Sanders Capital LLC now owns 22,278,637 shares of the construction company’s stock worth $1,048,294,000 after purchasing an additional 1,540,500 shares during the period. Invesco Ltd. increased its position in shares of D. R. Horton by 37.8% in the second quarter. Invesco Ltd. now owns 4,056,260 shares of the construction company’s stock worth $174,946,000 after purchasing an additional 1,111,745 shares during the period. Finally, Argent Capital Management LLC bought a new position in shares of D. R. Horton in the second quarter worth $42,949,000. Institutional investors own 86.78% 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 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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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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