D.R. Horton (NYSE:DHI) Cut to “Neutral” at Bank of America

Bank of America cut shares of D.R. Horton (NYSE:DHI) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat reports. Bank of America currently has $150.00 price target on the construction company’s stock, down from their previous price target of $160.00.

DHI has been the subject of several other research reports. Citigroup decreased their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. The Goldman Sachs Group dropped their price target on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Wedbush reiterated a “neutral” rating and issued a $180.00 price objective on shares of D.R. Horton in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $170.20.

D.R. Horton Stock Down 1.5 %

Shares of DHI stock opened at $141.85 on Monday. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85. The firm has a market capitalization of $45.51 billion, a PE ratio of 10.02, a P/E/G ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. The stock’s 50-day simple moving average is $149.42 and its 200-day simple moving average is $169.24.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. Equities analysts expect that D.R. Horton will post 13.87 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio is currently 11.31%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $1,853,178,000. FMR LLC raised its stake in D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in D.R. Horton in the 3rd quarter valued at about $72,672,000. Nordea Investment Management AB grew its stake in shares of D.R. Horton by 112.7% in the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares during the period. Finally, KBC Group NV increased its holdings in shares of D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.