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

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

Several other research analysts have also weighed in on DHI. JPMorgan Chase & Co. lowered shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Royal Bank of Canada restated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research note on Wednesday, January 22nd. Evercore ISI dropped their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $170.20.

D.R. Horton Stock Up 3.1 %

D.R. Horton stock opened at $147.35 on Monday. The firm has a market cap of $47.27 billion, a PE ratio of 10.41, 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 firm’s 50 day moving average price is $150.06 and its two-hundred day moving average price is $169.33. 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 released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 EPS. On average, research analysts predict that D.R. Horton will post 13.87 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The shares were 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. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently made changes to their positions in DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter valued at $26,000. Rakuten Securities Inc. increased 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 worth $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after purchasing an additional 165 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust increased its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares in the last quarter. 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.