D. R. Horton (DHI) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of D. R. Horton (NYSE:DHI) in a research note released on Tuesday, January 9th. Keefe, Bruyette & Woods currently has a $56.00 price target on the construction company’s stock.

Several other brokerages have also recently issued reports on DHI. ValuEngine cut D. R. Horton from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Royal Bank of Canada raised their price objective on D. R. Horton to $57.00 and gave the stock an outperform rating in a research note on Monday, December 18th. Wedbush cut D. R. Horton from an outperform rating to a neutral rating and set a $50.00 price objective for the company. in a research note on Tuesday, December 12th. BTIG Research raised their price objective on D. R. Horton to $62.00 in a research note on Thursday, December 14th. Finally, Zelman & Associates cut D. R. Horton from a buy rating to a hold rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. D. R. Horton currently has an average rating of Buy and an average price target of $51.59.

Shares of D. R. Horton (DHI) opened at $48.08 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 6.93 and a debt-to-equity ratio of 0.37. D. R. Horton has a 12 month low of $29.29 and a 12 month high of $53.32. The company has a market capitalization of $18,080.00, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.37 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. equities research analysts predict that D. R. Horton will post 3.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s dividend payout ratio is currently 18.66%.

In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 6,000 shares in the company, valued at $287,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,677 shares of company stock valued at $1,410,293. 7.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Allied Advisory Services Inc. grew its holdings in D. R. Horton by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after purchasing an additional 42 shares during the period. Ameritas Investment Partners Inc. grew its holdings in D. R. Horton by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after purchasing an additional 111 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in D. R. Horton by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,392 shares of the construction company’s stock valued at $878,000 after purchasing an additional 186 shares during the period. Evercore Wealth Management LLC grew its holdings in D. R. Horton by 5.7% in the second quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after purchasing an additional 200 shares during the period. Finally, Private Advisor Group LLC grew its holdings in D. R. Horton by 3.0% in the second quarter. Private Advisor Group LLC now owns 7,516 shares of the construction company’s stock valued at $279,000 after purchasing an additional 216 shares during the period. 83.34% of the stock is currently owned by institutional investors.

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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.

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

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