D.R. Horton Inc. (DHI) Downgraded by Vetr Inc. to “Sell”
Vetr cut shares of D.R. Horton Inc. (NYSE:DHI) from a buy rating to a sell rating in a research report sent to investors on Tuesday. They currently have $25.52 price target on the stock.
A number of other research analysts have also commented on the company. Royal Bank Of Canada upped their price target on D.R. Horton from $36.00 to $38.00 and gave the company an outperform rating in a research report on Monday, July 18th. Argus reaffirmed a buy rating and set a $39.00 price target on shares of D.R. Horton in a research report on Tuesday, July 26th. Bank of America Corp. lowered D.R. Horton from a buy rating to a neutral rating and set a $36.00 price target for the company. in a research report on Friday, July 22nd. RBC Capital Markets set a $34.00 price target on D.R. Horton and gave the company an outperform rating in a research report on Wednesday, November 9th. Finally, Wedbush reaffirmed an outperform rating and set a $36.00 price target on shares of D.R. Horton in a research report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $31.10.
Shares of D.R. Horton (NYSE:DHI) traded down 1.960% on Tuesday, hitting $27.755. The company had a trading volume of 2,056,979 shares. The firm’s 50 day moving average price is $29.14 and its 200-day moving average price is $30.86. The stock has a market capitalization of $10.35 billion, a PE ratio of 11.761 and a beta of 1.17. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56.
D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $2.62 billion. D.R. Horton had a net margin of 7.29% and a return on equity of 13.93%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.64 earnings per share. Analysts forecast that D.R. Horton will post $2.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.41%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. D.R. Horton’s dividend payout ratio (DPR) is currently 13.62%.
In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $159,350. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.17% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC increased its position in D.R. Horton by 52.7% in the first quarter. Squarepoint Ops LLC now owns 51,293 shares of the company’s stock worth $1,551,000 after buying an additional 17,696 shares during the period. Arizona State Retirement System increased its position in D.R. Horton by 0.3% in the first quarter. Arizona State Retirement System now owns 89,200 shares of the company’s stock worth $2,697,000 after buying an additional 300 shares during the period. Babson Capital Management LLC increased its position in D.R. Horton by 35.3% in the first quarter. Babson Capital Management LLC now owns 29,906 shares of the company’s stock worth $904,000 after buying an additional 7,800 shares during the period. Panagora Asset Management Inc. increased its position in D.R. Horton by 11.8% in the first quarter. Panagora Asset Management Inc. now owns 217,147 shares of the company’s stock worth $6,564,000 after buying an additional 22,968 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA increased its position in D.R. Horton by 1.5% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 544,910 shares of the company’s stock worth $16,472,000 after buying an additional 8,200 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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