D. R. Horton (DHI) Downgraded by ValuEngine
ValuEngine cut shares of D. R. Horton (NYSE:DHI) from a strong-buy rating to a buy rating in a research note released on Friday morning.
Other analysts have also issued reports about the company. Bank of America boosted their price target on D. R. Horton from $43.00 to $55.00 and gave the company a buy rating in a report on Friday, October 6th. KeyCorp restated a buy rating and issued a $41.00 price target on shares of D. R. Horton in a report on Tuesday, September 26th. Royal Bank Of Canada restated a buy rating and issued a $42.00 price target on shares of D. R. Horton in a report on Monday, September 25th. JMP Securities set a $45.00 price target on D. R. Horton and gave the company a buy rating in a report on Monday, October 16th. Finally, UBS initiated coverage on D. R. Horton in a research report on Wednesday, October 25th. They issued a buy rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $44.06.
Shares of D. R. Horton (NYSE DHI) traded down $0.57 during trading on Friday, hitting $50.43. The stock had a trading volume of 4,203,700 shares, compared to its average volume of 4,042,354. The company has a market capitalization of $18,913.16, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. D. R. Horton has a 12 month low of $27.15 and a 12 month high of $51.53. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, November 30th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s payout ratio is 18.32%.
In other D. R. Horton news, Director Michael W. Hewatt sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael R. Buchanan sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $37.06, for a total value of $333,540.00. Following the transaction, the director now directly owns 24,880 shares in the company, valued at approximately $922,052.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,677 shares of company stock worth $2,262,873. Company insiders own 7.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Csenge Advisory Group bought a new stake in shares of D. R. Horton during the third quarter worth approximately $237,000. Capital Analysts LLC boosted its holdings in shares of D. R. Horton by 4.4% during the second quarter. Capital Analysts LLC now owns 90,829 shares of the construction company’s stock worth $3,140,000 after acquiring an additional 3,841 shares during the period. Cetera Investment Advisers bought a new stake in shares of D. R. Horton during the second quarter worth approximately $216,000. Meiji Yasuda Life Insurance Co boosted its holdings in shares of D. R. Horton by 17.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 34,200 shares of the construction company’s stock worth $1,182,000 after acquiring an additional 5,200 shares during the period. Finally, Goodman Financial Corp boosted its holdings in shares of D. R. Horton by 4.2% during the third quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after acquiring an additional 7,593 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
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About D. R. Horton
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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