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DR Horton beats profit estimate, raises 2018 forecast

12 November 2017

Germany-based Commerzbank Aktiengesellschaft Fi has invested 0.01% in D. R. Horton Inc (NYSE:DHI). The company's stock had a trading volume of 3,770,743 shares.

Several other analysts also recently commented on the stock. (NYSE:MMS). Commercial Bank Of Hawaii has invested 0.12% in MAXIMUS, Inc. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company's stock valued at $134,434,000 after purchasing an additional 588,327 shares during the period.

WARNING: "D.R. Horton, Inc".

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Carret Asset Management Llc increased Allstate Corp (ALL) stake by 11.22% reported in 2017Q2 SEC filing. Ltd. grew its stake in D.R. Horton by 2.3% in the first quarter. Its weekly and monthly volatility is 2.54%, 1.84% respectively. Meiji Yasuda Life Insurance Co grew its stake in D.R. Horton by 17.9% in the second quarter. CIBC Asset Management Inc now owns 37,970 shares of the construction company's stock worth $1,313,000 after purchasing an additional 132 shares during the period. Following the completion of the transaction, the director now directly owns 36,828 shares in the company, valued at approximately $1,379,576.88.

A number of research firms have weighed in on DHI. MKM Partners set a $32.00 price target on shares of D.R. Horton and gave the stock a "hold" rating in a report on Wednesday, November 9th. The stock of D. R. Horton Inc (NYSE:DHI) has "Equalweight" rating given on Thursday, April 7 by Barclays Capital. Barclays Capital maintained it with "Equal-Weight" rating and $65 target in Thursday, July 27 report. The rating was upgraded by Jefferies on Monday, July 10 to "Buy".

Analysts have given a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

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When it comes to the Analysis of a Stock, Price Target plays a vital role. Wells Fargo & Company reiterated an outperform rating and issued a $62.00 price objective (up from $41.00) on shares of D.R. Horton in a report on Monday, October 23rd. The stock closed the most recent session at $46.00 after seeing 8271843 shares trade hands. 8,271,801 shares of the company were exchanged, compared to its average volume of 4,035,661. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.77 by $0.02. The company had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $4 billion.

DR Horton Inc. (NYSE:DHI) reported its EPS in the last quarter as $0.76/Share beating the analyst estimate of $0.75/Share by a difference of $0.01. The company operates in the Consumer Cyclical sector with a market capitalization of 17.33 Million. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th.

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Investors sentiment decreased to 1.04 in Q2 2017. The ex-dividend date of this dividend was Wednesday, November 23rd. Finally, Advisory Services Network LLC raised its stake in D.R. Horton by 131.9% during the 2nd quarter. This represents a $0.50 annualized dividend and a dividend yield of 1.09%. Riverpoint Cap Mgmt Ltd Llc reported 9,061 shares or 0.04% of all its holdings. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. California State Teachers Retirement Systems holds 100,967 shares. About 5.02 million shares traded or 20.38% up from the average. Parametric Assocs Ltd Company holds 1.48 million shares. Insiders sold a total of 23,000 shares of company stock valued at $852,580 over the last ninety days. Exane Derivatives has invested 0% of its portfolio in D. R. Horton Inc (NYSE:DHI). If you are accessing this story on another website, it was copied illegally and republished in violation of U.S. & global copyright laws. The correct version of this story can be read at https://www.truebluetribune.com/2017/11/12/fisher-asset-management-llc-has-16-38-million-stake-in-d-r-horton-inc-dhi.html. The Company 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.