Zacks Research cut shares of D.R. Horton (NYSE:DHI – Free Report) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks reports.
A number of other analysts have also recently commented on DHI. Barclays dropped their price objective on D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, October 30th. Morgan Stanley reduced their target price on shares of D.R. Horton from $151.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 3rd. Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $160.00 to $152.00 in a research note on Thursday, October 22nd. Stonex Financial raised shares of D.R. Horton to a “hold” rating in a research note on Thursday, October 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $182.00 price target (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $151.33.
Get Our Latest Analysis on DHI
D.R. Horton Price Performance
Shares of NYSE:DHI opened at $147.23 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.95 and a current ratio of 6.01. The business’s fifty day moving average price is $141.58 and its two-hundred day moving average price is $147.51. The stock has a market cap of $41.18 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35. D.R. Horton has a one year low of $130.40 and a one year high of $170.79.
D.R. Horton (NYSE:DHI – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same period last year, the firm earned $3.04 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. On average, analysts forecast that D.R. Horton will post 10.48 EPS for the current fiscal year.
D.R. Horton Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a $0.50 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. D.R. Horton’s dividend payout ratio (DPR) is presently 17.75%.
Hedge Funds Weigh In On D.R. Horton
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in D.R. Horton in the 2nd quarter valued at about $4,067,842,000. Bank of America Corp DE increased its stake in shares of D.R. Horton by 10.7% during the 1st quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock valued at $442,766,000 after acquiring an additional 312,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of D.R. Horton by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after acquiring an additional 21,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of D.R. Horton by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock worth $472,969,000 after acquiring an additional 122,434 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of D.R. Horton in the second quarter worth approximately $294,292,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
About D.R. Horton
D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.
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