D.R. Horton (NYSE:DHI) Downgraded by StockNews.com to Sell

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

A number of other equities research analysts also recently commented on DHI. Wells Fargo & Company dropped their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price target on the stock in a research note on Tuesday, October 15th. Barclays restated an “equal weight” rating and issued a $170.00 price objective (down previously from $192.00) on shares of D.R. Horton in a research note on Wednesday, December 11th. BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and a consensus target price of $176.67.

D.R. Horton Price Performance

Shares of DHI opened at $139.97 on Thursday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The company has a market cap of $44.91 billion, a P/E ratio of 9.75, a PEG ratio of 0.57 and a beta of 1.75. The firm’s 50 day moving average price is $155.00 and its 200 day moving average price is $168.46.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) 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 in the previous year, the business posted $4.45 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, research analysts forecast that D.R. Horton will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.40 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.14%. D.R. Horton’s payout ratio is presently 11.14%.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Park National Corp OH increased its stake in D.R. Horton by 8.9% in the 4th quarter. Park National Corp OH now owns 212,815 shares of the construction company’s stock valued at $29,756,000 after purchasing an additional 17,441 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of D.R. Horton by 1.7% in the fourth quarter. CWA Asset Management Group LLC now owns 9,105 shares of the construction company’s stock valued at $1,273,000 after buying an additional 150 shares in the last quarter. Pensionfund Sabic raised its stake in shares of D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock worth $1,356,000 after buying an additional 4,000 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock worth $57,255,000 after buying an additional 215,947 shares in the last quarter. Finally, Everence Capital Management Inc. increased its holdings in D.R. Horton by 43.7% during the 4th quarter. Everence Capital Management Inc. now owns 6,350 shares of the construction company’s stock valued at $888,000 after acquiring an additional 1,930 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other 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.