D. R. Horton Inc (NYSE:DHI) – Equities researchers at KeyCorp issued their Q3 2018 earnings per share estimates for D. R. Horton in a research report issued to clients and investors on Wednesday. KeyCorp analyst K. Zener forecasts that the construction company will earn $1.12 per share for the quarter. KeyCorp has a “Buy” rating and a $46.00 price target on the stock. KeyCorp also issued estimates for D. R. Horton’s Q4 2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $1.26 EPS and Q4 2019 earnings at $1.29 EPS.

D. R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year.

DHI has been the topic of several other reports. Buckingham Research boosted their target price on D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Mizuho restated a “hold” rating and set a $38.00 price target on shares of D. R. Horton in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and set a $58.00 price target on shares of D. R. Horton in a research report on Monday, February 5th. ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zelman & Associates lowered D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $52.69.

D. R. Horton (NYSE DHI) traded down $0.11 on Monday, hitting $44.74. The stock had a trading volume of 417,577 shares, compared to its average volume of 5,296,884. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. D. R. Horton has a 52-week low of $29.99 and a 52-week high of $53.32. The stock has a market capitalization of $16,856.28, a PE ratio of 16.80, a PEG ratio of 1.20 and a beta of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, February 22nd. D. R. Horton’s dividend payout ratio (DPR) is 18.73%.

In other D. R. Horton news, Chairman Donald R. Horton sold 178,200 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.06, for a total value of $7,851,492.00. Following the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at $1,023,606,854.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the sale, the director now directly owns 11,317 shares in the company, valued at $540,613.09. The disclosure for this sale can be found here. Insiders sold 210,544 shares of company stock worth $9,436,958 over the last three months. Corporate insiders own 6.74% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Brenner West Capital Advisors LP bought a new stake in D. R. Horton in the fourth quarter worth $51,204,000. AMP Capital Investors Ltd boosted its holdings in D. R. Horton by 17.4% in the fourth quarter. AMP Capital Investors Ltd now owns 279,641 shares of the construction company’s stock worth $14,281,000 after acquiring an additional 41,472 shares in the last quarter. Profund Advisors LLC boosted its holdings in D. R. Horton by 14.3% in the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock worth $466,000 after acquiring an additional 1,144 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in D. R. Horton by 32.9% in the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 75,780 shares of the construction company’s stock worth $3,870,000 after acquiring an additional 18,770 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of D. R. Horton by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 245,938 shares of the construction company’s stock valued at $12,560,000 after purchasing an additional 11,300 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for D. R. Horton (NYSE:DHI)

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