Credit Suisse Group Raises D. R. Horton (NYSE:DHI) Price Target to $77.00
D. R. Horton (NYSE:DHI) had its target price hoisted by Credit Suisse Group from $70.00 to $77.00 in a research report report published on Wednesday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the construction company’s stock.
Several other equities research analysts also recently weighed in on DHI. Barclays raised their price target on shares of D. R. Horton from $64.00 to $73.00 and gave the company an overweight rating in a research report on Wednesday. They noted that the move was a valuation call. Susquehanna Bancshares downgraded shares of D. R. Horton from a positive rating to a neutral rating and raised their price target for the company from $55.00 to $62.00 in a research report on Tuesday, July 21st. Wedbush raised their price target on shares of D. R. Horton from $57.00 to $66.00 and gave the company an outperform rating in a research report on Wednesday, July 15th. Wells Fargo & Co raised their price target on shares of D. R. Horton from $43.00 to $52.00 and gave the company an overweight rating in a research report on Wednesday, April 29th. Finally, Goldman Sachs Group raised their price target on shares of D. R. Horton from $62.00 to $66.00 and gave the company a buy rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. D. R. Horton currently has a consensus rating of Buy and an average price target of $65.83.
DHI stock opened at $66.16 on Wednesday. The firm has a 50 day moving average price of $58.15 and a 200-day moving average price of $51.69. D. R. Horton has a 52-week low of $25.51 and a 52-week high of $70.29. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.96 and a beta of 1.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 6.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 11th. D. R. Horton’s payout ratio is 16.32%.
In other news, Director Michael W. Hewatt sold 1,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total transaction of $53,450.00. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $53,450. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.96% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. State Street Corp grew its position in shares of D. R. Horton by 1.4% during the 1st quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock valued at $537,765,000 after acquiring an additional 223,481 shares during the period. Capital World Investors lifted its stake in shares of D. R. Horton by 38.6% during the 1st quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock valued at $337,496,000 after buying an additional 2,763,163 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of D. R. Horton by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock valued at $213,586,000 after buying an additional 407,057 shares in the last quarter. Norges Bank purchased a new position in shares of D. R. Horton during the 4th quarter valued at $179,337,000. Finally, Capital Research Global Investors purchased a new position in shares of D. R. Horton during the 1st quarter valued at $106,232,000. 83.14% of the stock is owned by hedge funds and other institutional investors.
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.
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