StockNews.com Upgrades D.R. Horton (NYSE:DHI) to Hold

StockNews.com upgraded shares of D.R. Horton (NYSE:DHI) from a sell rating to a hold rating in a research report released on Saturday.

Several other research firms have also commented on DHI. The Goldman Sachs Group lowered their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. BTIG Research dropped their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $174.53.

D.R. Horton Stock Performance

D.R. Horton stock opened at $142.98 on Friday. The firm has a 50 day simple moving average of $150.06 and a 200-day simple moving average of $168.89. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.61. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business 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 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 EPS. On average, analysts expect that D.R. Horton will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. D.R. Horton’s payout ratio is currently 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Dupree Financial Group LLC lifted its position in D.R. Horton by 21.1% in the fourth quarter. Dupree Financial Group LLC now owns 19,198 shares of the construction company’s stock valued at $2,684,000 after acquiring an additional 3,348 shares during the last quarter. Trust Point Inc. increased its position in shares of D.R. Horton by 18.5% during the fourth quarter. Trust Point Inc. now owns 1,438 shares of the construction company’s stock worth $201,000 after purchasing an additional 224 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of D.R. Horton by 9.6% in the 4th quarter. Childress Capital Advisors LLC now owns 1,650 shares of the construction company’s stock valued at $231,000 after purchasing an additional 144 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of D.R. Horton by 28.5% in the 4th quarter. Boston Trust Walden Corp now owns 285,106 shares of the construction company’s stock valued at $39,864,000 after purchasing an additional 63,306 shares during the period. Finally, Financial Life Planners purchased a new position in D.R. Horton during the 4th quarter worth approximately $195,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.