![]() Horton as it continues to execute even during times where there are concerns about higher interest rates and rising home prices that could slow demand.Īlthough some investors may be slightly worried given some insider sales recently disclosed on May 3rd in SEC filings and perceived negative news within the broader economic community around inflationary pressures and high current unemployment numbers investors buying into D.R Horton would be wise to take comfort in knowing that top institutional players seem confident about the firm’s long-term prospects given their sizable recent investments in the company coupled with its commanding foot-hold across America’s bustling housing market. Sell-side analysts continue to remain bullish about D.R. Horton recently reported earnings on April 20th with revenues of $7.97 billion and net income of over $1 billion dollars with earnings per share (EPS) standing at $2.73 beating consensus estimates by almost a dollar per share and within striking distance of its previous year’s EPS results of over four dollars. Murray selling 54,000 shares on May 3rd for a total transaction value of $5,951,340.ĭ.R. In contrast, insiders have been selling off their shares with Chief Operating Officer Michael J. Notably, institutional investors currently own 84.87% of the company’s stock, indicating confidence in the future of D.R. boosted its stake by 117.3% in the fourth quarter, now owning 352 shares valued at $31,000 after acquiring an additional 190 shares in the last quarter. Horton has seen an increase in investments from large institutional players. Horton Despite Insider Sales and Economic ConcernsĪs the US continues to experience a housing boom, D.R. Institutional Investors Show Confidence in Future of D.R. Moreover, JMP Securities increased D.R Hortons target price from $115-$130 while designating them as “outperform.” Several reviews stated that investors apparently have confidence based upon D R Hortons outperforming rating across multiple financial institutions.ĭ.R Horton began trading at $10980 on Tuesday and continues gaining momentum throughout various market sectors where it operates worldwide with data showing substantial growth figures over time as well as strong demand for its products due to its dedication towards quality within its primary focus as a construction firm.“ Hold,” is ’s consensus rating of the company’s stock while its profit-to-earnings ratio stands at 7:40 per cent and results indicate no negative trend in this field indicating long-term viability is positively latent. Horton’s price target from $85 to $100 in a research report on April 24th, causing considerable buzz throughout financial markets worldwide. Horton a “buy” rating in January last year.Ĭredit Suisse Group has also lifted D.R. In contrast, BTIG Research raises its target price from $101 to $108 and awards D.R. Horton from an “outperform” rating to a “peer perform,” citing valuation grounds. Citigroup raises the target price from $115.00 to $124.00 however, Wolfe Research cuts D.R. Horton’s recent performance and prospects for the future. ![]() ![]() Several analysts have released their opinions on D.R. The company gained an additional 5,401 shares during the period, bringing their total ownership to 6,238 shares of the construction company’s stock worth $556,000. by 645.3% during the final quarter of 2020 as seen in its recent disclosure with the Securities & Exchange Commission. ![]() Brown Brothers Harriman & Co., a renowned investment banking institution, had bolstered its stake in D.R. ![]()
0 Comments
Leave a Reply. |