D.R. Horton (NYSE:DHI) : 16 analysts are covering D.R. Horton (NYSE:DHI) and their average rating on the stock is 2.31, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. D.R. Horton (NYSE:DHI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
D.R. Horton (NYSE:DHI) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $24. The average forecast of all the analysts is $32.77 and the expected standard deviation is $4.
Company shares have received an average consensus rating of Hold for the current week Also, Argus Research initiates coverage on D.R. Horton (NYSE:DHI) In a research note issued to the investors, the brokerage major announces price-target of $39 per share.The shares have been rated Buy. The rating by the firm was issued on June 17, 2016.
D.R. Horton (NYSE:DHI): stock turned positive on Tuesday. Though the stock opened at $29.91, the bulls momentum made the stock top out at $30.325 level for the day. The stock recorded a low of $29.83 and closed the trading day at $30.24, in the green by 2.58%. The total traded volume for the day was 2,626,755. The stock had closed at $29.48 in the previous days trading.
In an insider trading activity,The officer (EVP and COO) of Horton D R Inc /De/, Murray Michael J sold 2,944 shares at $30.34 on May 2, 2016. The Insider selling transaction had a total value worth of $89,321. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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, Americas 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.