UBS AG Increases D.R. Horton, Inc. (DHI) Price Target to $53.00

D.R. Horton, Inc. (NYSE:DHI) had its price target boosted by UBS AG from $50.00 to $53.00 in a report issued on Friday morning, www.benzinga.com reports. UBS AG currently has a buy rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on DHI. Citigroup Inc. raised their price objective on shares of D.R. Horton from $42.00 to $48.00 and gave the stock a neutral rating in a research note on Friday. Wedbush raised their price objective on shares of D.R. Horton from $36.00 to $42.00 and gave the stock an outperform rating in a research note on Monday, July 17th. Bank of America Corporation raised their price objective on shares of D.R. Horton from $43.00 to $55.00 and gave the stock a buy rating in a research note on Friday, October 6th. Royal Bank Of Canada raised their price objective on shares of D.R. Horton from $37.00 to $42.00 and gave the stock an outperform rating in a research note on Thursday, July 13th. Finally, BidaskClub raised shares of D.R. Horton from a sell rating to a hold rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $43.61.

Shares of D.R. Horton (NYSE DHI) traded up $1.09 on Friday, hitting $47.09. 5,762,300 shares of the stock were exchanged, compared to its average volume of 4,043,545. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93. D.R. Horton has a fifty-two week low of $27.15 and a fifty-two week high of $47.29. The stock has a market cap of $17,510.00, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D.R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts expect that D.R. Horton will post 3.15 earnings per share for the current year.

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D.R. Horton announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.06%. D.R. Horton’s payout ratio is currently 14.60%.

In related news, Director Bradley S. Anderson sold 10,000 shares of D.R. Horton stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the transaction, the director now owns 36,828 shares in the company, valued at approximately $1,379,576.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction on Friday, September 8th. The shares were sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now owns 8,000 shares in the company, valued at approximately $288,880. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $852,580 over the last three months. Corporate insiders own 7.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its holdings in shares of D.R. Horton by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after acquiring an additional 37 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of D.R. Horton by 0.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after acquiring an additional 42 shares in the last quarter. Shufro Rose & Co. LLC lifted its holdings in shares of D.R. Horton by 0.6% during the 2nd quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock valued at $396,000 after acquiring an additional 67 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of D.R. Horton by 1.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after acquiring an additional 111 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of D.R. Horton by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 37,970 shares of the construction company’s stock valued at $1,313,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 81.12% of the company’s stock.

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.

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

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