D.R. Horton Inc. (DHI) Raised to Sell at Vetr Inc.
D.R. Horton Inc. (NYSE:DHI) was upgraded by research analysts at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday. The brokerage currently has a $25.52 price objective on the stock. Vetr‘s target price points to a potential downside of 10.42% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. RBC Capital Markets set a $34.00 price objective on D.R. Horton and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. Royal Bank Of Canada lowered their price objective on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 9th. Wedbush restated an “outperform” rating and issued a $36.00 price objective on shares of D.R. Horton in a research report on Tuesday, November 8th. MKM Partners set a $32.00 price objective on D.R. Horton and gave the stock a “hold” rating in a research report on Wednesday, November 9th. Finally, FBN Securities upgraded D.R. Horton from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $25.00 to $27.50 in a research report on Monday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. D.R. Horton has an average rating of “Hold” and an average target price of $31.93.
Shares of D.R. Horton (NYSE:DHI) traded down 1.35% during midday trading on Monday, reaching $28.49. 3,167,255 shares of the company traded hands. The stock has a 50 day moving average price of $28.67 and a 200 day moving average price of $30.77. D.R. Horton has a 1-year low of $22.97 and a 1-year high of $34.56. The firm has a market capitalization of $10.62 billion, a PE ratio of 12.07 and a beta of 1.17.
D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ 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 earned $3.70 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts expect that D.R. Horton will post $2.67 earnings per share for the current fiscal year.
The business 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 $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This is an increase from D.R. Horton’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. D.R. Horton’s dividend payout ratio (DPR) is 17.02%.
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In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.17% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of DHI. MCF Advisors LLC increased its stake in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares during the last quarter. Creative Planning increased its stake in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its stake in shares of D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock worth $130,000 after buying an additional 18 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $132,000 after buying an additional 1,100 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its stake in shares of D.R. Horton by 148.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,390 shares of the company’s stock worth $138,000 after buying an additional 2,626 shares during the last quarter. 82.36% of the stock is 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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