D.R. Horton (NYSE:DHI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of D.R. Horton (NYSE:DHI) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. UBS Group dropped their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday. Finally, Barclays dropped their price objective on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $174.53.

D.R. Horton Stock Performance

Shares of DHI opened at $142.98 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. The stock has a 50-day moving average of $150.06 and a two-hundred day moving average of $168.89. The stock has a market cap of $45.87 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.56 and a beta of 1.75. D.R. Horton has a one year low of $133.02 and a one year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. D.R. Horton’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts predict that D.R. Horton will post 13.87 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. D.R. Horton’s dividend payout ratio (DPR) is 11.31%.

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 document filed with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently bought and sold shares of DHI. Public Sector Pension Investment Board raised its stake in D.R. Horton by 61.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 11,152 shares of the construction company’s stock valued at $1,572,000 after purchasing an additional 4,263 shares during the last quarter. AXA S.A. grew its holdings in shares of D.R. Horton by 16.7% during the second quarter. AXA S.A. now owns 67,878 shares of the construction company’s stock worth $9,566,000 after buying an additional 9,693 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of D.R. Horton in the second quarter worth about $3,154,000. Mackenzie Financial Corp lifted its stake in shares of D.R. Horton by 42.7% in the second quarter. Mackenzie Financial Corp now owns 137,194 shares of the construction company’s stock worth $19,335,000 after buying an additional 41,034 shares in the last quarter. Finally, Scientech Research LLC acquired a new position in D.R. Horton during the second quarter worth about $482,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

About D.R. Horton

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.