D.R. Horton (NYSE:DHI) Lowered to “Hold” at StockNews.com

D.R. Horton (NYSE:DHI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other analysts also recently issued reports on DHI. UBS Group raised their price objective on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group boosted their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Raymond James lifted their target price on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Citigroup decreased their price target on D.R. Horton from $191.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, Barclays dropped their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.82.

D.R. Horton Price Performance

Shares of DHI stock opened at $144.62 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The company has a market capitalization of $47.62 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.66. The firm’s 50-day moving average is $151.44 and its two-hundred day moving average is $146.01. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.73 earnings per share. Analysts predict that D.R. Horton will post 14.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 363 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The disclosure for this sale can be found here. Insiders sold 27,812 shares of company stock worth $4,330,617 in the last 90 days. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently bought and sold shares of DHI. Evergreen Capital Management LLC lifted its holdings in shares of D.R. Horton by 53.7% in the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock valued at $1,074,000 after purchasing an additional 3,489 shares during the last quarter. Voss Capital LLC acquired a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $7,599,000. Los Angeles Capital Management LLC grew its position in shares of D.R. Horton by 390.6% during the third quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company’s stock worth $79,884,000 after acquiring an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $218,000. Finally, Handelsbanken Fonder AB raised its position in D.R. Horton by 20.5% in the 4th quarter. Handelsbanken Fonder AB now owns 97,275 shares of the construction company’s stock valued at $14,784,000 after purchasing an additional 16,573 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

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.