Keefe, Bruyette & Woods Comments on D.R. Horton Inc.’s FY2019 Earnings (DHI)

Keefe, Bruyette & Woods Comments on D.R. Horton Inc.’s FY2019 Earnings (DHI)

D.R. Horton Inc. (NYSE:DHI) – Equities researchers at Keefe, Bruyette & Woods issued their FY2019 EPS estimates for D.R. Horton in a report released on Wednesday. Keefe, Bruyette & Woods analyst J. Rahmani anticipates that the firm will post earnings of $2.83 per share for the year.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.02. D.R. Horton had a net margin of 7.29% and a return on equity of 13.93%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the firm earned $0.64 EPS. D.R. Horton’s revenue for the quarter was up 18.1% compared to the same quarter last year.

Several other equities analysts have also commented on DHI. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 18th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $38.00 price objective (up from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Bank of America Corp. lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Friday, July 22nd. Argus reaffirmed a “buy” rating and issued a $39.00 price objective on shares of D.R. Horton in a research report on Tuesday, July 26th. Finally, Wedbush started coverage on shares of D.R. Horton in a research report on Monday, September 19th. They issued an “outperform” rating and a $36.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.15.

D.R. Horton (NYSE:DHI) opened at 27.33 on Monday. The stock has a market cap of $10.19 billion, a P/E ratio of 11.58 and a beta of 1.17. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The firm’s 50-day moving average is $29.14 and its 200 day moving average is $30.86.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.10 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. D.R. Horton’s dividend payout ratio (DPR) is presently 13.62%.

In other news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.17% of the company’s stock.

Large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of D.R. Horton by 181.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,299 shares of the company’s stock worth $2,908,000 after buying an additional 62,044 shares during the last quarter. Algebris Investments UK LLP purchased a new stake in shares of D.R. Horton during the third quarter worth approximately $536,000. AMP Capital Investors Ltd boosted its stake in shares of D.R. Horton by 10.3% in the third quarter. AMP Capital Investors Ltd now owns 333,884 shares of the company’s stock worth $10,063,000 after buying an additional 31,136 shares during the last quarter. Zacks Investment Management boosted its stake in shares of D.R. Horton by 2.4% in the third quarter. Zacks Investment Management now owns 26,541 shares of the company’s stock worth $802,000 after buying an additional 613 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its stake in shares of D.R. Horton by 3.3% in the third quarter. Hartford Investment Management Co. now owns 82,267 shares of the company’s stock worth $2,484,000 after buying an additional 2,606 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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