#1 - D.R. Horton (NYSE:DHI)
D.R. Horton (NYSE:DHI) is one of many homebuilders that has picked itself up from the mat. In March the stock tumbled more than 50%. Let’s be honest, it’s hard to get excited about buying a new construction when there’s no construction activity taking place. But that’s all changed. DHI stock has made up that deficit and then some. In fact, as of this writing, the stock is up approximately 8% for the year.
As a result, recent analyst recommendations are bullish on the 12-month outlook for DHI stock. On June 15, Citigroup raised its price target for the stock from $56 to $69, which would be just over a 13% gain from the stock’s current level.
And if that kind of growth doesn’t excite you, keep in mind that D.R. Horton is a solid dividend stock. The company has increased its dividend in each of the last eight years.
D.R. Horton reports second-quarter earnings in early August. Those numbers will likely be dreadful as they will reflect nearly a month with no construction activity in large parts of the country. But analysts will be looking to see what the company’s outlook is for the future.
About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.
Read More - Current Price
- $139.61
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $179.60 (28.6% Upside)
