UPDATE - Williams Financial Group initiates coverage on D.R. Horton (DHI) with a Buy; Healthy Balance Sheet and Disciplined Mgmt
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Price: $148.35 +0.69%
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Williams Financial Group initiates coverage on D.R. Horton (NYSE: DHI) with a Buy. PT $17.50.
Analyst, David N. Williams, said, "We are modeling delivery and revenue growth of 12% and 15%, respectively...We believe the discipline the company has shown in land inventory management will continue to drive margin improvements and allow flexibility as market conditions turn. Impairments for ’11 were $45 million, 1.3% of revenue. 5.6 years of land supply based on FY12 estimated deliveries...Gross and SG&A margins outperform the group and we expect increased margin performance as the company works into the move-up buyer segment...We believe downside risk is limited to overall broader index performance, with upside potential outpacing the overall market."
To see more ratings on DHI, Click Here
Analyst, David N. Williams, said, "We are modeling delivery and revenue growth of 12% and 15%, respectively...We believe the discipline the company has shown in land inventory management will continue to drive margin improvements and allow flexibility as market conditions turn. Impairments for ’11 were $45 million, 1.3% of revenue. 5.6 years of land supply based on FY12 estimated deliveries...Gross and SG&A margins outperform the group and we expect increased margin performance as the company works into the move-up buyer segment...We believe downside risk is limited to overall broader index performance, with upside potential outpacing the overall market."
To see more ratings on DHI, Click Here
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