Royal Bank of Canada Reiterates Underperform Rating for D.R. Horton (NYSE:DHI)

Royal Bank of Canada reissued their underperform rating on shares of D.R. Horton (NYSE:DHI) in a report released on Wednesday,Benzinga reports. They currently have a $125.00 price target on the construction company’s stock.

A number of other research firms also recently commented on DHI. Evercore ISI reduced their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Barclays dropped their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a report on Wednesday. StockNews.com raised D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group dropped their price objective on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $174.53.

D.R. Horton Stock Up 2.3 %

Shares of NYSE:DHI opened at $147.01 on Wednesday. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $169.16. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, equities research analysts predict that D.R. Horton will post 13.97 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, February 7th. D.R. Horton’s payout ratio is 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently bought and sold shares of DHI. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC increased its stake in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in D.R. Horton during the third quarter worth about $72,672,000. Nordea Investment Management AB boosted its stake in D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares during the last quarter. Finally, KBC Group NV grew its holdings in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

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.