D.R. Horton (NYSE:DHI) Stock Rating Lowered by Raymond James

Raymond James lowered shares of D.R. Horton (NYSE:DHI) from an outperform rating to a market perform rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

Several other research firms have also recently issued reports on DHI. JPMorgan Chase & Co. raised their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday. Bank of America boosted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JMP Securities increased their price objective on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Stock Up 0.4 %

D.R. Horton stock traded up $0.69 during mid-day trading on Thursday, reaching $168.80. 1,160,127 shares of the company were exchanged, compared to its average volume of 2,511,044. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The firm has a market cap of $55.00 billion, a P/E ratio of 11.71, a PEG ratio of 0.57 and a beta of 1.74. The business has a fifty day moving average of $185.40 and a 200 day moving average of $165.98. D.R. Horton has a 12-month low of $120.10 and a 12-month high of $199.85.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the business earned $4.45 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Research analysts anticipate that D.R. Horton will post 15.64 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has approved a share repurchase plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, November 12th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently modified their holdings of DHI. Bfsg LLC increased its position in D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares in the last quarter. Coastline Trust Co purchased a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new position in shares of D.R. Horton during the 2nd quarter valued at $31,000. Rakuten Securities Inc. increased its holdings in 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. Finally, Wolff Wiese Magana LLC boosted its position in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after buying an additional 196 shares during the period. 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.