D.R. Horton (NYSE:DHI) Receives “Underperform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their underperform rating on shares of D.R. Horton (NYSE:DHI) in a research report report published on Wednesday,Benzinga reports. They currently have a $125.00 price target on the construction company’s stock.

Several other brokerages also recently weighed in on DHI. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. BTIG Research cut their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Wedbush reiterated a “neutral” rating and issued a $180.00 price target on shares of D.R. Horton in a research note on Friday, January 17th. The Goldman Sachs Group dropped their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $174.53.

D.R. Horton Stock Up 2.3 %

Shares of DHI opened at $147.01 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a market capitalization of $47.17 billion, a PE ratio of 10.24, a P/E/G ratio of 0.56 and a beta of 1.75. The company’s 50-day simple moving average is $151.09 and its 200-day simple moving average is $169.16. 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 issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same quarter last year, the company posted $2.82 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts forecast that D.R. Horton will post 13.97 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is 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 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 filing with the SEC, which is available at this link. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. raised its position in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after purchasing an additional 58 shares during the last quarter. Covestor Ltd increased its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company’s stock valued at $203,000 after purchasing an additional 66 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company’s stock valued at $695,000 after buying an additional 67 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of D.R. Horton by 0.8% during the third quarter. Azzad Asset Management Inc. ADV now owns 8,643 shares of the construction company’s stock worth $1,649,000 after buying an additional 72 shares during the period. Finally, Demars Financial Group LLC grew its holdings in shares of D.R. Horton by 3.5% during the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company’s stock worth $419,000 after buying an additional 74 shares during the last quarter. 90.63% of the stock is 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.