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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.
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