D.R. Horton (NYSE:DHI) Upgraded by StockNews.com to Hold Rating

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

Other equities research analysts have also recently issued research reports about the company. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group cut their price objective 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. Evercore ISI decreased their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. Finally, Wedbush reaffirmed a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.20.

D.R. Horton Stock Up 3.1 %

NYSE:DHI opened at $147.35 on Friday. The company has a market cap of $47.27 billion, a PE ratio of 10.41, a PEG ratio of 0.56 and a beta of 1.75. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a 50-day simple moving average of $150.06 and a 200 day simple moving average of $169.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 EPS. On average, sell-side analysts expect that D.R. Horton will post 13.87 EPS for the current fiscal 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s dividend payout ratio is presently 11.31%.

Insider Transactions at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on 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 can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently added to or reduced their stakes in DHI. Coastline Trust Co purchased a new stake in D.R. Horton in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. grew its stake in shares of D.R. Horton by 216.7% in the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after acquiring an additional 196 shares in the last quarter. Grove Bank & Trust boosted its position in D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock valued at $41,000 after acquiring an additional 93 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of D.R. Horton in the 3rd quarter worth about $47,000. Institutional investors own 90.63% of the company’s stock.

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.