D.R. Horton (NYSE:DHI) Stock Lifted to Hold by Stonex Financia

Stonex Financia upgraded shares of D.R. Horton (NYSE:DHI) to a hold rating in a research report released on Thursday morning,Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Citigroup dropped their target price on D.R. Horton from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings raised shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Melius Research started coverage on shares of D.R. Horton in a research note on Tuesday, October 6th. They issued a “sell” rating and a $128.00 price target on the stock. Truist Financial lowered their price target on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada lowered their price target on shares of D.R. Horton from $125.00 to $119.00 and set an “underperform” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.36.

D.R. Horton Stock Performance

Shares of NYSE DHI traded down $0.35 during trading hours on Thursday, reaching $139.20. 3,349,658 shares of the stock were exchanged, compared to its average volume of 3,245,182. The firm has a market capitalization of $38.93 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 2.17 and a beta of 1.35. The stock’s fifty day simple moving average is $141.57 and its 200 day simple moving average is $146.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. D.R. Horton has a 52 week low of $130.40 and a 52 week high of $170.79.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $3.36 EPS. Sell-side analysts predict that D.R. Horton will post 10.43 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. BlackRock Inc. acquired a new stake in shares of D.R. Horton during the 2nd quarter worth $4,067,842,000. Bank of America Corp DE bought a new position in shares of D.R. Horton in the second quarter worth $477,358,000. Bank of New York Mellon Corp acquired a new position in D.R. Horton in the second quarter valued at about $294,292,000. Legal & General Group Plc acquired a new position in D.R. Horton in the second quarter valued at about $280,664,000. Finally, Deutsche Bank AG acquired a new position in D.R. Horton in the second quarter valued at about $201,077,000. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.