Zelman & Associates upgraded shares of D.R. Horton, Inc. (NYSE:DHI) from a hold rating to a buy rating in a research note released on Tuesday morning, The Fly reports.

In related news, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $32.48, for a total value of $324,800.00. Following the transaction, the director now owns 17,614 shares in the company, valued at $572,102.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors recently modified their holdings of DHI. S. R. Schill & Associates boosted its position in shares of D.R. Horton by 2.5% in the fourth quarter. S. R. Schill & Associates now owns 8,095 shares of the company’s stock worth $259,000 after buying an additional 194 shares during the last quarter. Chartist Inc. CA boosted its position in shares of D.R. Horton by 15.6% in the fourth quarter. Chartist Inc. CA now owns 8,666 shares of the company’s stock worth $278,000 after buying an additional 1,168 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of D.R. Horton during the fourth quarter worth approximately $327,000. Pinnacle Financial Partners Inc. boosted its position in shares of D.R. Horton by 2.4% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 12,708 shares of the company’s stock worth $407,000 after buying an additional 298 shares during the last quarter. Finally, New England Research & Management bought a new position in shares of D.R. Horton during the fourth quarter worth approximately $424,000.

A number of other research firms also recently weighed in on DHI. Deutsche Bank reaffirmed a hold rating on shares of D.R. Horton in a research report on Wednesday, December 2nd. Credit Suisse increased their price objective on D.R. Horton from $17.25 to $19.50 in a report on Thursday, November 26th. RBC Capital increased their price objective on D.R. Horton from $34.00 to $35.00 and gave the company an outperform rating in a report on Wednesday, December 16th. Keefe, Bruyette & Woods reissued a market perform rating on shares of D.R. Horton in a report on Tuesday, November 17th. Finally, MKM Partners increased their price objective on D.R. Horton from $27.00 to $30.00 and gave the company a neutral rating in a report on Wednesday, November 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $31.37.

Shares of D.R. Horton (NYSE:DHI) traded up 2.73% during midday trading on Tuesday, reaching $27.51. 6,607,086 shares of the company’s stock traded hands. The stock has a 50 day moving average of $29.44 and a 200-day moving average of $30.11. The stock has a market cap of $10.16 billion and a price-to-earnings ratio of 13.37. D.R. Horton has a 52-week low of $24.38 and a 52-week high of $33.10.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Monday, January 25th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.40 billion. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, equities research analysts expect that D.R. Horton will post $2.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 17th. Investors of record on Friday, February 5th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, February 3rd.

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.

12 Month Chart for NYSE:DHI

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