UPDATE: Wolfe Research Starts D.R. Horton (DHI) at Outperform

March 15, 2021 9:35 PM EDT
Get Alerts DHI Hot Sheet
Price: $96.37 +3.57%

Rating Summary:
    25 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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(Updated - March 16, 2021 4:51 AM EDT)

Wolfe Research initiates coverage on D.R. Horton (NYSE: DHI) with a Outperform rating, PT $94.00.

The analyst comments "We believe DHI’s deep local market share penetration across its geographic footprint, favorable national product pricing contracts given its scale, even-flow Spec-heavy production model, attractive financing costs and elevated absorptions give the company a cost advantage relative to peers. Given this cost advantage, we find few builders (outside of LGIH) in the field that are well equipped to challenge DHI in the Shelter Entry-Level consumer segment, which we view as a relative sweet spot over the next 2-3 years given favorable demographics. With strong positioning versus peers regarding product, land and labor, we forecast DHI will remain the most profitable builder in the group moving forward."

For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.

Shares of D.R. Horton closed at $80.69 yesterday.


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