D.R. Horton, Inc. (NYSE:DHI) Stock Now Rated “Hold” by Wall Street Analysts

Shares of D.R. Horton, Inc. (NYSE:DHI) have been given a consensus rating of “Hold” by the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $156.36.

A number of analysts have recently issued reports on DHI shares. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 7th. Royal Bank Of Canada decreased their price objective on D.R. Horton from $125.00 to $119.00 and set an “underperform” rating on the stock in a report on Thursday, October 15th. BTIG Research reiterated a “buy” rating and issued a $174.00 price objective on shares of D.R. Horton in a research report on Tuesday, September 22nd. Stonex Financia raised D.R. Horton to a “hold” rating in a research note on Thursday, October 15th. Finally, Evercore set a $166.00 target price on D.R. Horton in a research report on Friday, September 25th.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of D.R. Horton in the 2nd quarter valued at about $4,067,842,000. Bank of America Corp DE grew its position in shares of D.R. Horton by 10.7% during the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after buying an additional 312,303 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after buying an additional 21,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of D.R. Horton by 4.4% during the second 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 buying an additional 122,434 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in D.R. Horton by 2.3% in the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after acquiring an additional 48,723 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Price Performance

Shares of DHI stock opened at $135.31 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 6.43 and a quick ratio of 1.04. The company has a market capitalization of $37.85 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. The firm’s 50-day moving average is $141.34 and its two-hundred day moving average is $146.50. D.R. Horton has a 12 month low of $130.40 and a 12 month high of $170.79.

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

About D.R. Horton

D.R. Horton, Inc is a residential construction company that builds and sells single-family detached and attached homes in the United States. Its offerings include entry-level, move-up, luxury and active-adult housing, serving a range of homebuyers through brands such as D.R. Horton, Express Homes, Emerald Homes and Freedom Homes.

The company’s operations also include land acquisition and development, home financing and title services. Through subsidiaries and affiliated businesses, D.R.