Headlines about D.R. Horton (NYSE:DHI) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. D.R. Horton earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.4892448759207 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- D.R. Horton, Inc. (DHI) Director Sells $144,440.00 in Stock (americanbankingnews.com)
- D.R. Horton, Inc. : DHI-US: Dividend Analysis : August 09th, 2017 (record date) : By the numbers : September 11, 2017 (finance.yahoo.com)
- D.R. Horton, Inc. (DHI) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Chartists Placing DR Horton Inc (DHI) on Their Radar – Financial News Review (finnewsreview.com)
- The Current Analyst Recommendations for DR Horton, Inc. (DHI), VeriFone Systems, Inc. (PAY) – AllStockNews (allstocknews.com)
Several research analysts recently commented on the company. Deutsche Bank AG reiterated a “hold” rating and set a $36.00 price objective (up from $34.00) on shares of D.R. Horton in a research note on Thursday, July 27th. Credit Suisse Group assumed coverage on D.R. Horton in a research note on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price objective for the company. Raymond James Financial, Inc. upgraded D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Friday, June 30th. Wells Fargo & Company reiterated an “outperform” rating and set a $41.00 price objective (up from $39.00) on shares of D.R. Horton in a research note on Monday, July 10th. Finally, BidaskClub upgraded D.R. Horton from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.59.
Shares of D.R. Horton (NYSE:DHI) opened at 36.93 on Tuesday. The stock has a 50 day moving average price of $36.07 and a 200-day moving average price of $34.26. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 13.84 and a beta of 1.24. D.R. Horton has a 52 week low of $26.69 and a 52 week high of $37.44.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. D.R. Horton’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts forecast that D.R. Horton will post $2.78 earnings per share for the current year.
D.R. Horton declared that its board has approved a share repurchase program on Wednesday, July 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is currently 15.04%.
In other news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $36.03, for a total transaction of $60,025.98. Following the completion of the transaction, the director now owns 7,316 shares of the company’s stock, valued at approximately $263,595.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Hewatt sold 4,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $36.11, for a total value 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 disclosure for this sale can be found here. 7.20% of the stock is currently owned by insiders.
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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.
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