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

D.R. Horton (NYSE:DHI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts have also commented on DHI. Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. The Goldman Sachs Group decreased their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday. Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada decreased their target price on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.20.

D.R. Horton Stock Up 0.8 %

Shares of NYSE:DHI opened at $146.61 on Friday. The stock has a 50-day simple moving average of $152.70 and a 200-day simple moving average of $168.64. The stock has a market capitalization of $47.04 billion, a P/E ratio of 10.21, a PEG ratio of 0.51 and a beta of 1.75. 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 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm earned $4.45 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. Equities analysts forecast that D.R. Horton will post 14.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the business’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 sale was disclosed in a filing 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

Hedge funds have recently added to or reduced their stakes in the business. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. grew its position in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in D.R. Horton by 1,306.7% during the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after acquiring an additional 196 shares during the period. Grove Bank & Trust lifted its holdings in D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after acquiring an additional 93 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in D.R. Horton in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.