D. R. Horton (NYSE:DHI) had its target price lifted by equities researchers at Buckingham Research from $39.00 to $44.00 in a research note issued to investors on Friday, November 10th. The brokerage currently has a “neutral” rating on the construction company’s stock. Buckingham Research’s price objective suggests a potential downside of 13.15% from the company’s current price.
DHI has been the topic of several other research reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 price target on shares of D. R. Horton in a research note on Monday, September 25th. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a research note on Saturday, September 16th. Mizuho reiterated a “hold” rating and issued a $38.00 price target on shares of D. R. Horton in a research note on Friday, October 27th. Deutsche Bank restated a “hold” rating and set a $36.00 price objective (up previously from $34.00) on shares of D. R. Horton in a research report on Thursday, July 27th. Finally, BidaskClub lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. D. R. Horton currently has a consensus rating of “Buy” and an average target price of $44.06.
D. R. Horton (NYSE:DHI) traded up $0.55 during trading on Friday, reaching $50.66. The company’s stock had a trading volume of 4,073,500 shares, compared to its average volume of 4,040,992. D. R. Horton has a 12-month low of $27.15 and a 12-month high of $50.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. The company has a market cap of $18,930.00, a price-to-earnings ratio of 18.32, a PEG ratio of 1.41 and a beta of 1.28.
In other D. R. Horton news, Director Michael W. Hewatt sold 4,000 shares of D. R. Horton stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $288,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Buchanan sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $37.06, for a total value of $333,540.00. Following the completion of the transaction, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The disclosure for this sale can be found here. Insiders have sold a total of 51,677 shares of company stock worth $2,262,873 over the last ninety days. Company insiders own 7.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware bought a new stake in D. R. Horton in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC increased its position in D. R. Horton by 179.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after buying an additional 2,306 shares in the last quarter. Evercore Wealth Management LLC increased its position in D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after buying an additional 200 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in D. R. Horton by 6.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,742 shares of the construction company’s stock valued at $129,000 after buying an additional 241 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after buying an additional 2,250 shares in the last quarter. 84.62% of the stock is currently owned by institutional investors.
About D. R. Horton
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.
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