D.R. Horton (NYSE:DHI) Given “Underperform” Rating at Wedbush

Wedbush restated their underperform rating on shares of D.R. Horton (NYSE:DHI) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $130.00 price objective on the construction company’s stock.

A number of other equities research analysts have also recently commented on the company. Citigroup raised their price objective on D.R. Horton from $166.00 to $191.00 and gave the company a buy rating in a research note on Friday, April 5th. Barclays raised their price objective on D.R. Horton from $166.00 to $186.00 and gave the company an overweight rating in a research note on Thursday, April 4th. UBS Group raised their price objective on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their target price on D.R. Horton from $150.00 to $173.00 and gave the company a buy rating in a research report on Thursday, January 11th. Finally, Royal Bank of Canada boosted their target price on D.R. Horton from $116.00 to $142.00 and gave the company an underperform rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of Moderate Buy and an average target price of $154.00.

D.R. Horton Trading Up 0.1 %

Shares of DHI stock opened at $145.91 on Thursday. The company has a market cap of $48.42 billion, a P/E ratio of 10.50, a PEG ratio of 0.72 and a beta of 1.64. The stock has a 50 day simple moving average of $151.97 and a two-hundred day simple moving average of $138.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the firm posted $2.73 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts forecast that D.R. Horton will post 14.24 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s payout ratio is 8.63%.

Insider Buying and Selling

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $809,419. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 over the last ninety days. 1.74% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently modified their holdings of DHI. Rise Advisors LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth about $27,000. Clear Street Markets LLC purchased a new position in shares of D.R. Horton in the 4th quarter worth about $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the 1st quarter worth about $28,000. Riverview Trust Co purchased a new stake in D.R. Horton during the 1st quarter valued at about $30,000. Finally, Mascoma Wealth Management LLC boosted its holdings in D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.