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 research report released on Tuesday.

A number of other analysts have also commented on DHI. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research note on Monday, April 21st. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods decreased their target price on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Barclays cut their price objective on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Stock Performance

Shares of DHI opened at $123.27 on Tuesday. The company has a market cap of $37.87 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.54 and a beta of 1.45. The business’s fifty day simple moving average is $124.66 and its two-hundred day simple moving average is $139.22. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the business earned $3.52 earnings per share. Research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, May 2nd. D.R. Horton’s payout ratio is 12.11%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Golden State Equity Partners lifted its holdings in D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after purchasing an additional 3,171 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of D.R. Horton by 10.9% during the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,767 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in D.R. Horton by 15.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 14,916 shares of the construction company’s stock worth $2,086,000 after buying an additional 2,003 shares during the period. Swedbank AB increased its stake in D.R. Horton by 27.0% in the 4th quarter. Swedbank AB now owns 427,045 shares of the construction company’s stock worth $59,709,000 after buying an additional 90,776 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in D.R. Horton by 82.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 263,515 shares of the construction company’s stock worth $36,306,000 after buying an additional 119,392 shares in the last quarter. 90.63% of the stock is currently owned by 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.