D.R. Horton (NYSE:DHI) Upgraded at StockNews.com

StockNews.com upgraded shares of D.R. Horton (NYSE:DHI) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Several other analysts have also recently commented on DHI. Evercore ISI decreased their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada reissued an “underperform” rating and set a $125.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. Citigroup reduced their price target 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. Finally, The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $170.20.

D.R. Horton Stock Up 3.1 %

Shares of DHI stock opened at $147.35 on Friday. D.R. Horton has a 1 year low of $133.02 and a 1 year high of $199.85. 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 business’s fifty day moving average is $150.06 and its 200-day moving average is $169.33. The stock has a market cap of $47.27 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7,120,170 billion. During the same period last year, the firm posted $2.82 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that D.R. Horton will post 13.87 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a $0.40 dividend. The ex-dividend date is Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. D.R. Horton’s payout ratio is 11.31%.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction 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 SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently modified their holdings of the stock. Telos Capital Management Inc. boosted its position in shares of D.R. Horton by 4.0% during the fourth quarter. Telos Capital Management Inc. now owns 3,387 shares of the construction company’s stock worth $474,000 after purchasing an additional 129 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in D.R. Horton by 414.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 7,670 shares of the construction company’s stock valued at $1,072,000 after acquiring an additional 6,180 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of D.R. Horton by 5.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 4,548 shares of the construction company’s stock worth $635,000 after acquiring an additional 226 shares in the last quarter. Caitlin John LLC raised its position in shares of D.R. Horton by 4.9% during the fourth quarter. Caitlin John LLC now owns 11,283 shares of the construction company’s stock worth $1,578,000 after purchasing an additional 527 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of D.R. Horton by 9.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,276 shares of the construction company’s stock valued at $4,242,000 after purchasing an additional 2,637 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.