D.R. Horton Inc. (DHI) Stock Rating Lowered by Vetr Inc.
D.R. Horton Inc. (NYSE:DHI) was downgraded by investment analysts at Vetr from a “sell” rating to a “strong sell” rating in a report released on Monday. They presently have a $25.52 price target on the stock. Vetr‘s price target indicates a potential downside of 11.73% from the stock’s previous close.
Several other research analysts have also issued reports on DHI. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. Royal Bank Of Canada decreased their target price on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. RBC Capital Markets set a $34.00 target price on D.R. Horton and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Evercore ISI initiated coverage on D.R. Horton in a report on Monday, November 14th. They set a “buy” rating and a $36.00 target price on the stock. Finally, MKM Partners set a $32.00 target price on D.R. Horton and gave the stock a “hold” rating in a report on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. D.R. Horton presently has an average rating of “Hold” and an average target price of $31.10.
D.R. Horton (NYSE:DHI) traded up 1.30% during mid-day trading on Monday, reaching $28.91. The company’s stock had a trading volume of 4,262,821 shares. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 12.25 and a beta of 1.17. The stock’s 50 day moving average is $28.85 and its 200 day moving average is $30.78. D.R. Horton has a 12 month low of $22.97 and a 12 month high of $34.56.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.02. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Equities research analysts predict that D.R. Horton will post $2.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.08. D.R. Horton’s dividend payout ratio (DPR) is currently 13.62%.
In other news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 5,000 shares of the company’s stock, valued at $159,350. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.17% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. AXA raised its stake in shares of D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of D.R. Horton by 12.1% in the first quarter. Envestnet Asset Management Inc. now owns 139,752 shares of the company’s stock worth $4,225,000 after buying an additional 15,095 shares in the last quarter. Panagora Asset Management Inc. raised its stake in shares of 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 in the last quarter. Babson Capital Management LLC raised its stake in shares of 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 in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of 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 in the last quarter. 81.94% of the stock is currently owned by institutional investors and hedge funds.
About D.R. Horton
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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