D.R. Horton (NYSE:DHI) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of D.R. Horton (NYSE:DHI) from a buy rating to a hold rating in a research note released on Thursday morning.

A number of other analysts have also issued reports on DHI. Wedbush restated an underperform rating and set a $130.00 target price on shares of D.R. Horton in a research report on Thursday, April 18th. Jefferies Financial Group raised their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a hold rating in a report on Friday, April 19th. Royal Bank of Canada lowered their price objective on D.R. Horton from $142.00 to $141.00 and set an underperform rating for the company in a research report on Friday, April 19th. Citigroup reduced their target price on D.R. Horton from $191.00 to $181.00 and set a buy rating on the stock in a research report on Friday, May 17th. Finally, JMP Securities lifted their price target on D.R. Horton from $140.00 to $170.00 and gave the company a market outperform rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of Moderate Buy and an average price target of $157.82.

D.R. Horton Price Performance

DHI stock opened at $144.62 on Thursday. The stock’s 50 day moving average price is $151.44 and its 200 day moving average price is $146.35. The firm has a market cap of $47.62 billion, a P/E ratio of 9.84, a PEG ratio of 0.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the business earned $2.73 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. On average, sell-side analysts expect that D.R. Horton will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Buying and Selling at D.R. Horton

In related news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total value of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders sold a total of 27,812 shares of company stock worth $4,330,617 over the last 90 days. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new position in D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC acquired a new position in D.R. Horton during the 1st quarter valued at about $29,000. Riverview Trust Co acquired a new position in D.R. Horton during the 1st quarter valued at about $30,000. Oakworth Capital Inc. bought a new stake in shares of D.R. Horton during the 4th quarter worth about $38,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of D.R. Horton in the 4th quarter worth approximately $42,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.