D.R. Horton, Inc. (NYSE:DHI) – Stock analysts at KeyCorp upped their Q2 2018 earnings per share (EPS) estimates for D.R. Horton in a research report issued on Thursday. KeyCorp analyst K. Zener now forecasts that the construction company will earn $0.69 per share for the quarter, up from their previous forecast of $0.65. KeyCorp has a “Buy” rating and a $46.00 price objective on the stock. KeyCorp also issued estimates for D.R. Horton’s Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $3.29 EPS and FY2019 earnings at $3.61 EPS.
Other analysts also recently issued reports about the stock. UBS AG began coverage on shares of D.R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. JMP Securities set a $45.00 price target on shares of D.R. Horton and gave the stock a “buy” rating in a research note on Monday, October 16th. Bank of America Corporation boosted their price target 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 reissued a “buy” rating and issued a $42.00 price target on shares of D.R. Horton in a research note on Monday, September 25th. Finally, Barclays PLC upped their price objective on shares of D.R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.06.
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D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new stake in shares of D.R. Horton in the third quarter worth $237,000. Capital Analysts LLC grew its stake in D.R. Horton by 4.4% during the second quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock valued at $3,140,000 after acquiring an additional 3,841 shares in the last quarter. Cetera Investment Advisers purchased a new position in D.R. Horton during the second quarter valued at $216,000. Meiji Yasuda Life Insurance Co grew its stake in D.R. Horton by 17.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock valued at $1,182,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Swiss National Bank grew its stake in D.R. Horton by 3.0% during the second quarter. Swiss National Bank now owns 1,292,574 shares of the construction company’s stock valued at $44,684,000 after acquiring an additional 37,300 shares in the last quarter. 81.12% of the stock is owned by hedge funds and other institutional investors.
In other D.R. Horton news, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total value of $333,540.00. Following the transaction, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the completion of the transaction, the director now owns 36,828 shares in the company, valued at $1,379,576.88. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $852,580 over the last quarter. Insiders own 7.20% of the company’s stock.
D.R. Horton declared that its Board of Directors has approved a share repurchase program on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.05%. D.R. Horton’s dividend payout ratio (DPR) is presently 14.60%.
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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