#1 - D.R. Horton (NYSE:DHI)
If you’re questioning the outlook for housing stocks, you may want to consider that Warren Buffett doesn’t seem to share those concerns. Buffett’s hedge fund, Berkshire Hathaway, Inc. (NYSE: BRK.B) just bought shares of some homebuilder stocks, and its largest purchase was D.R. Horton, Inc. (NYSE: DHI) stock. Berskshire purchased approximately 6 million shares of DHI stock valued at about $726.5 million.
D.R. Horton is one of the largest homebuilders and builds a variety of housing types including townhouses, duplexes, and triplexes. The company is also taking steps to ensure they can turn homes faster and reduce inventory levels in a housing market where demand continues to outpace supply.
Analysts are forecasting earnings growth of approximately 6.5% in the next 12 months with a 17% upside in the company’s stock price. DHI stock also has an attractive valuation at just 8.7x forward earnings.
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
- $151.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $157.82 (4.2% Upside)
