D.R. Horton (NYSE:DHI) Downgraded to “Underweight” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of D.R. Horton (NYSE:DHI) from a neutral rating to an underweight rating in a report released on Friday, MarketBeat reports. The firm currently has $156.00 price objective on the construction company’s stock, down from their previous price objective of $188.00.

Other research analysts also recently issued reports about the company. Wells Fargo & Company decreased their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada reduced their price target on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. Wedbush raised shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research report on Tuesday, October 15th. Finally, UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus price target of $180.60.

D.R. Horton Stock Down 0.9 %

Shares of D.R. Horton stock opened at $149.85 on Friday. The company has a market capitalization of $48.13 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.57 and a beta of 1.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The business has a 50-day moving average of $171.02 and a two-hundred day moving average of $168.78. D.R. Horton has a 1 year low of $133.02 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company earned $4.45 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts predict that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.07%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DHI. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC increased its holdings 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 valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC raised its position in shares of D.R. Horton by 0.3% during the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after purchasing an additional 21,073 shares during the period. Smead Capital Management Inc. lifted its holdings in shares of D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Finally, Earnest Partners LLC grew its position in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after purchasing an additional 9,137 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.