D.R. Horton (NYSE:DHI) Rating Lowered to Sell at StockNews.com

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

Several other research analysts also recently commented on DHI. Wells Fargo & Company decreased their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Bank of America upped their price target on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research note on Wednesday. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and an average price target of $176.67.

D.R. Horton Price Performance

Shares of NYSE:DHI opened at $136.52 on Thursday. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $43.80 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.75. The firm’s 50 day moving average price is $154.38 and its 200-day moving average price is $168.41. D.R. Horton has a twelve month low of $133.02 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the business earned $4.45 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post 14.17 EPS for the current year.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in D.R. Horton during the 3rd quarter valued at about $1,853,178,000. FMR LLC grew its stake in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $72,672,000. Nordea Investment Management AB boosted its holdings in D.R. Horton by 112.7% during the 4th quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after acquiring an additional 215,947 shares during the period. Finally, KBC Group NV grew its position in D.R. Horton by 360.0% in the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Institutional investors 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.