November 28, 2016 - By Darrin Black · 0 Comments
Horton D R Inc (NYSE:DHI) institutional sentiment increased to 1.22 in Q2 2016. Its up 0.18, from 1.04 in 2016Q1. The ratio is better, as 217 funds started new or increased positions, while 208 reduced and sold stock positions in Horton D R Inc. The funds in our partner’s database now hold: 306.26 million shares, down from 313.26 million shares in 2016Q1. Also, the number of funds holding Horton D R Inc in their top 10 positions increased from 14 to 18 for an increase of 4. Sold All: 35 Reduced: 173 Increased: 165 New Position: 52.
D.R. Horton, Inc. is a homebuilding company. The company has a market cap of $10.88 billion. The Firm is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. It has a 12.1 P/E ratio. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
About 1.88M shares traded hands. D.R. Horton, Inc. (NYSE:DHI) has declined 7.20% since April 25, 2016 and is downtrending. It has underperformed by 13.21% the S&P500.
Analysts await D.R. Horton, Inc. (NYSE:DHI) to report earnings on January, 23. They expect $0.48 earnings per share, up 14.29% or $0.06 from last year’s $0.42 per share. DHI’s profit will be $182.86M for 14.88 P/E if the $0.48 EPS becomes a reality. After $0.75 actual earnings per share reported by D.R. Horton, Inc. for the previous quarter, Wall Street now forecasts -36.00% negative EPS growth.
According to Zacks Investment Research, “D.R. Horton, Inc., one of the largest homebuilders in the United States, builds high quality, single-family homes designed principally for the entry-level and move-up markets. Founded in 1978, the company builds and sells homes with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. The company also provides mortgage financing and title services.”
Capital Growth Management Lp holds 10.6% of its portfolio in D.R. Horton, Inc. for 7.55 million shares. Element Capital Management Llc owns 2.04 million shares or 9.72% of their US portfolio. Moreover, Underhill Investment Management Llc has 5.71% invested in the company for 336,350 shares. The New York-based Sanders Capital Llc has invested 5.65% in the stock. Parus Finance (Uk) Ltd, a United Kingdom-based fund reported 887,053 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $678,062 net activity.
Ratings analysis reveals 63% of DR Horton Inc’s analysts are positive. Out of 16 Wall Street analysts rating DR Horton Inc, 10 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $27 while the high is $39. The stock’s average target of $33.04 is 15.69% above today’s ($28.56) share price. DHI was included in 29 notes of analysts from July 30, 2015. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Neutral” rating by UBS on Monday, January 18. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 26. Argus Research initiated the shares of DHI in a report on Friday, June 17 with “Buy” rating. The stock of D.R. Horton, Inc. (NYSE:DHI) has “Buy” rating given on Tuesday, November 10 by Compass Point. The firm has “Outperform” rating given on Thursday, September 29 by Wells Fargo. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, October 13 report. On Wednesday, November 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Outperform” rating given by Wedbush on Tuesday, September 20. The stock has “Buy” rating given by Bank of America on Tuesday, September 13. The rating was upgraded by Sterne Agee CRT on Tuesday, January 19 to “Buy”.
D.R. Horton, Inc., incorporated on July 1, 1991, is a homebuilding company. The Firm is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Firm operates through two divisions: homebuilding and financial services operation. The Firm designs, manufactures and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company manufactures and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Firm sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.
More important recent D.R. Horton, Inc. (NYSE:DHI) news were published by: Wsj.com which released: “Judge Fines DR Horton $16 Million Over HOA Management” on November 10, 2016, also Nasdaq.com published article titled: “D.R. Horton, Inc. (DHI) Ex-Dividend Date Scheduled for November 23, 2016”, Businessinsider.com published: “DR Horton beats as it sells more homes at higher prices” on November 08, 2016. More interesting news about D.R. Horton, Inc. (NYSE:DHI) was released by: Zacks.com and their article: “D.R. Horton Inc. (DHI) Misses on Q4 Earnings” with publication date: November 08, 2016.
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By Darrin Black