D.R. Horton (NYSE:DHI) Stock Rating Lowered by Bank of America

Bank of America lowered shares of D.R. Horton (NYSE:DHI) from a buy rating to a neutral rating in a research report sent to investors on Monday, MarketBeat reports. The brokerage currently has $150.00 price target on the construction company’s stock, down from their previous price target of $160.00.

DHI has been the topic of a number of other reports. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group decreased their price target on shares of 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. BTIG Research cut their price objective 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. Finally, UBS Group decreased their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and an average target price of $170.20.

D.R. Horton Price Performance

D.R. Horton stock opened at $141.85 on Monday. The company’s 50 day simple moving average is $149.42 and its 200-day simple moving average is $169.24. 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 has a 1 year low of $133.02 and a 1 year high of $199.85. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that D.R. Horton will post 13.87 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

A number of large investors have recently made changes to their positions in the company. Coastline Trust Co purchased a new stake in D.R. Horton in the third quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new stake in D.R. Horton during the 4th quarter worth $30,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the 3rd 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 period. Rosenberg Matthew Hamilton grew its position in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its holdings 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 valued at $40,000 after buying an additional 196 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

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.