D. R. Horton Inc (NYSE:DHI) – Research analysts at Wedbush raised their FY2020 earnings per share estimates for D. R. Horton in a note issued to investors on Tuesday, July 28th. Wedbush analyst J. Mccanless now expects that the construction company will earn $5.76 per share for the year, up from their previous estimate of $4.88. Wedbush has a “Outperform” rating and a $66.00 price objective on the stock. Wedbush also issued estimates for D. R. Horton’s Q4 2020 earnings at $1.76 EPS, Q1 2021 earnings at $1.15 EPS, Q2 2021 earnings at $1.39 EPS, Q4 2021 earnings at $2.24 EPS and FY2021 earnings at $6.70 EPS.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.42. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $4.99 billion. D. R. Horton had a net margin of 10.82% and a return on equity of 18.53%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS.
Other analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of D. R. Horton from $54.00 to $65.00 and gave the company a “sector perform” rating in a report on Wednesday. Raymond James downgraded shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 target price on the stock. in a report on Thursday, June 11th. Barclays lifted their target price on shares of D. R. Horton from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, BTIG Research raised their price objective on shares of D. R. Horton from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $65.83.
Shares of D. R. Horton stock opened at $66.16 on Friday. D. R. Horton has a 1 year low of $25.51 and a 1 year high of $70.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 6.82. The company has a market capitalization of $24.05 billion, a P/E ratio of 11.96, a PEG ratio of 0.96 and a beta of 1.62. The company’s fifty day moving average is $58.15 and its two-hundred day moving average is $51.69.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC raised its holdings in D. R. Horton by 13.6% in the first quarter. Private Advisor Group LLC now owns 32,318 shares of the construction company’s stock valued at $1,099,000 after acquiring an additional 3,865 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of D. R. Horton by 6.2% during the first quarter. The Manufacturers Life Insurance Company now owns 363,602 shares of the construction company’s stock worth $12,362,000 after purchasing an additional 21,137 shares during the period. Sumitomo Mitsui Financial Group Inc. raised its holdings in shares of D. R. Horton by 36.1% during the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 64,223 shares of the construction company’s stock worth $2,184,000 after purchasing an additional 17,040 shares during the period. Courier Capital LLC acquired a new stake in shares of D. R. Horton during the second quarter worth $224,000. Finally, HighTower Advisors LLC raised its holdings in shares of D. R. Horton by 4.9% during the first quarter. HighTower Advisors LLC now owns 73,072 shares of the construction company’s stock worth $2,501,000 after purchasing an additional 3,383 shares during the period. 83.14% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Michael W. Hewatt sold 1,833 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $50.81, for a total value of $93,134.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 1,000 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total transaction of $53,450.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $53,450. The disclosure for this sale can be found here. Corporate insiders own 6.96% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Wednesday, August 12th will be issued a $0.175 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.70 annualized dividend and a yield of 1.06%. D. R. Horton’s dividend payout ratio is presently 16.32%.
About D. R. Horton
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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