D.R. Horton (DHI) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 38

D.R. Horton (DHI) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 38 from a previous price target of $36 . RBC Capital Mkts advised their investors in a research report released on Jul 18, 2016.

Many Wall Street Analysts have commented on D.R. Horton. Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .D.R. Horton was Downgraded by Sterne Agee CRT to ” Neutral” on Apr 22, 2016. Company shares were Reiterated by MKM Partners on Apr 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .

On the company’s financial health, D.R. Horton reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.46. The company had revenue of $2701.00 million for the quarter, compared to analysts expectations of $2693.22 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

D.R. Horton closed down -0.2 points or -0.59% at $33.8 with 42,28,142 shares getting traded on Friday. Post opening the session at $34.05, the shares hit an intraday low of $33.47 and an intraday high of $34.12 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 3, 2016, Bill W Wheat (EVP and CFO) sold 40,000 shares at $30.37 per share price. According to the SEC, on May 3, 2016, Michael J Murray (EVP and COO) sold 2,944 shares at $30.34 per share price. On May 3, 2016, Donald R Horton (Chairman) sold 149,035 shares at $29.88 per share price, according to the Form-4 filing with the securities and exchange commission.

D.R. Horton Inc. is a homebuilding company. 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. The Company operates through two segments: homebuilding and financial services operation. The Company designs builds 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 builds and sells attached homes such as town homes duplexes triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

D.R. Horton

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