D.R. Horton (NYSE:DHI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of D.R. Horton (NYSE:DHI) from a hold rating to a sell rating in a report published on Thursday morning.

Other research analysts have also issued research reports about the company. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. BTIG Research reduced their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Bank of America upped their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $176.67.

D.R. Horton Stock Up 1.5 %

DHI opened at $139.97 on Thursday. The business’s fifty day simple moving average is $155.00 and its 200 day simple moving average is $168.46. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85. The firm has a market cap of $44.91 billion, a P/E ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.45 earnings per share. As a group, equities research analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.14%. D.R. Horton’s dividend payout ratio (DPR) is 11.14%.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently made changes to their positions in the business. Coastline Trust Co acquired a new stake in D.R. Horton in the third quarter valued at $26,000. Rakuten Securities Inc. raised its stake in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Grove Bank & Trust grew its stake in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in D.R. Horton in the third quarter valued at about $47,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.