D.R. Horton (NYSE:DHI) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

Keefe, Bruyette & Woods cut shares of D.R. Horton (NYSE:DHI) from an outperform rating to a market perform rating in a report released on Tuesday, Marketbeat reports. They currently have $183.00 price target on the construction company’s stock, down from their previous price target of $200.00.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Citigroup cut their price target on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. UBS Group cut their price target on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays cut their price target on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $184.20.

D.R. Horton Trading Down 2.5 %

Shares of DHI opened at $156.98 on Tuesday. The stock’s 50-day moving average is $173.95 and its two-hundred day moving average is $168.88. The stock has a market cap of $50.42 billion, a PE ratio of 10.93, a P/E/G ratio of 0.58 and a beta of 1.71. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.45 EPS. Equities analysts forecast that D.R. Horton will post 14.26 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently made changes to their positions in DHI. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the third quarter valued at approximately $1,853,178,000. FMR LLC boosted its position in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of D.R. Horton by 1,761.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after buying an additional 987,834 shares during the period. Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of D.R. Horton during the third quarter worth approximately $72,672,000. 90.63% of the stock is owned by institutional investors.

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.