This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Home-Related Stocks to Watch

6. D.R. Horton is a U.S.-based home building company with operations in 26 states and 72 metropolitan markets. The company conducts its business through six homebuilding segments and a financial services segment. Homebuilding operations contribute more than 95% toward aggregate revenue.

For the third quarter ended June 2011, net income was $28.7 million, including pretax charges of $9.9 million. Net income for the second quarter of fiscal 2011 was $27.8 million. Home building revenue was $975.4 million in the June quarter of 2011, compared to $733.1 million in the second quarter of fiscal 2011.

"Sequentially, our homebuilding revenues grew $242 million, home sales gross margins improved by 30 basis points and homebuilding SG&A decreased by approximately $10 million. Additionally, our net sales orders in the June quarter were about flat with the March quarter, reflecting a traditional seasonal demand pattern,⿝ said Donald R. Horton, the company⿿s chairman.

Forty-three percent of analysts polled by Bloomberg have buy ratings on the stock, which is trading with a P/E of 19 based on 2012 earnings estimates. On average, analysts surveyed by Bloomberg have a $13.70 price target on the stock, which is 43% greater than recent levels.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AWI $55.72 0.00%
BZH $17.46 0.00%
DHI $25.27 0.00%
MHO $22.70 0.00%
OC $38.31 0.00%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs