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

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

Other analysts have also recently issued research reports about the stock. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Bank of America boosted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. 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 on the stock in a research note on Wednesday, October 30th. UBS Group decreased 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, January 8th. Finally, BTIG Research decreased their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock 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 given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.20.

D.R. Horton Stock Up 0.8 %

Shares of DHI opened at $147.83 on Friday. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The company has a market cap of $47.43 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.51 and a beta of 1.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The firm has a 50 day simple moving average of $151.85 and a two-hundred day simple moving average of $168.79.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts forecast that D.R. Horton will post 14.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were 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 at this link. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 worth $51,706,000 after purchasing an additional 212,112 shares in the last quarter. Legacy CG LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $4,220,000. Toronto Dominion Bank grew its position in shares of D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after acquiring an additional 15,460 shares during the period. Pensionfund Sabic grew its position in shares of D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after acquiring an additional 4,000 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after acquiring an additional 36,780 shares during the period. 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.