Buckingham Research Boosts D. R. Horton (NYSE:DHI) Price Target to $55.00

D. R. Horton (NYSE:DHI) had its price target upped by Buckingham Research from $53.00 to $55.00 in a research note released on Wednesday, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the construction company’s stock.

Other analysts also recently issued reports about the stock. Barclays set a $46.00 price objective on shares of D. R. Horton and gave the company a buy rating in a research report on Friday, April 26th. Royal Bank of Canada set a $43.00 price target on shares of D. R. Horton and gave the stock a hold rating in a research report on Friday, April 26th. Susquehanna Bancshares restated a neutral rating and set a $49.00 price target (up from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. JMP Securities boosted their price target on shares of D. R. Horton from $44.00 to $49.00 and gave the stock a market outperform rating in a research report on Tuesday, April 9th. Finally, KeyCorp boosted their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an overweight rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of $47.92.

DHI traded down $0.05 during trading hours on Wednesday, reaching $47.00. 4,972,175 shares of the stock traded hands, compared to its average volume of 3,671,708. The business’s fifty day moving average price is $44.66. The firm has a market cap of $17.40 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.08. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $48.02. The company has a current ratio of 6.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that D. R. Horton will post 3.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

Several hedge funds have recently added to or reduced their stakes in DHI. Sumitomo Life Insurance Co. grew its stake in shares of D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after purchasing an additional 243 shares during the last quarter. Shine Investment Advisory Services Inc. grew its stake in shares of D. R. Horton by 22.2% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,374 shares of the construction company’s stock worth $57,000 after purchasing an additional 250 shares during the last quarter. Boston Private Wealth LLC grew its stake in shares of D. R. Horton by 2.7% in the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after purchasing an additional 283 shares during the last quarter. Huntington National Bank grew its stake in shares of D. R. Horton by 1.1% in the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after purchasing an additional 297 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC grew its stake in shares of D. R. Horton by 0.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

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.

Further Reading: Cash Flow Analysis in Stock Selection

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

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.