StockNews.com Begins Coverage on D.R. Horton (NYSE:DHI)

Stock analysts at StockNews.com started coverage on shares of D.R. Horton (NYSE:DHI – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the construction company’s stock.

A number of other equities analysts have also commented on DHI. JMP Securities lifted their price target on shares of D.R. Horton from $95.00 to $115.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 25th. Oppenheimer assumed coverage on shares of D.R. Horton in a research note on Wednesday, January 18th. They set a “market perform” rating for the company. Wedbush downgraded shares of D.R. Horton from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $104.00 to $96.00 in a research note on Wednesday, January 25th. BTIG Research lifted their target price on shares of D.R. Horton from $101.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Finally, Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $98.27.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $96.28 on Thursday. The firm has a market capitalization of $33.06 billion, a P/E ratio of 5.97, a P/E/G ratio of 0.66 and a beta of 1.51. The company’s 50 day moving average price is $95.23 and its two-hundred day moving average price is $84.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.67 and a quick ratio of 1.09. D.R. Horton has a fifty-two week low of $59.25 and a fifty-two week high of $104.14.

D.R. Horton (NYSE:DHI – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The construction company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.49. The company had revenue of $7.26 billion for the quarter, compared to analyst estimates of $6.43 billion. D.R. Horton had a net margin of 16.85% and a return on equity of 29.91%. D.R. Horton’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.17 earnings per share. On average, equities analysts forecast that D.R. Horton will post 9.18 earnings per share for the current fiscal year.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $96.00, for a total transaction of $43,104.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $542,400. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Paul J. Romanowski sold 30,000 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the transaction, the chief operating officer now directly owns 76,185 shares in the company, valued at $6,832,270.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $96.00, for a total transaction of $43,104.00. Following the transaction, the director now owns 5,650 shares in the company, valued at $542,400. The disclosure for this sale can be found here. Insiders sold a total of 33,667 shares of company stock valued at $3,042,476 over the last three months. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its holdings in D.R. Horton by 16.6% during the third quarter. Brown Advisory Inc. now owns 6,413 shares of the construction company’s stock worth $431,000 after purchasing an additional 915 shares during the last quarter. Assetmark Inc. boosted its holdings in D.R. Horton by 87.0% during the third quarter. Assetmark Inc. now owns 33,245 shares of the construction company’s stock worth $2,239,000 after purchasing an additional 15,466 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in D.R. Horton by 6.0% in the third quarter. Ensign Peak Advisors Inc now owns 108,933 shares of the construction company’s stock valued at $7,336,000 after acquiring an additional 6,190 shares during the last quarter. Texas Permanent School Fund boosted its stake in D.R. Horton by 5.7% in the third quarter. Texas Permanent School Fund now owns 44,741 shares of the construction company’s stock valued at $3,013,000 after acquiring an additional 2,429 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in D.R. Horton by 14.0% in the third quarter. Illinois Municipal Retirement Fund now owns 99,618 shares of the construction company’s stock valued at $6,709,000 after acquiring an additional 12,265 shares during the last quarter. 84.87% of the stock is currently owned by hedge funds and other institutional investors.

About D.R. Horton

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D.R. Horton, Inc operates as a home building company, which engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, Rental, and Others. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.