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

StockNews.com upgraded shares of D.R. Horton (NYSE:DHI) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

DHI has been the subject of a number of other reports. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Royal Bank of Canada dropped their price objective on D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a report on Monday, April 21st. Barclays reduced their target price on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company dropped their price target on D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $123.27 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton has a one year low of $110.44 and a one year high of $199.85. The business’s 50 day simple moving average is $124.66 and its two-hundred day simple moving average is $139.22. The stock has a market capitalization of $37.87 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period in the previous year, the firm earned $3.52 earnings per share. Analysts forecast that D.R. Horton will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.30%. D.R. Horton’s payout ratio is 12.11%.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently bought and sold shares of DHI. Czech National Bank grew its stake in shares of D.R. Horton by 5.8% in the 4th quarter. Czech National Bank now owns 63,230 shares of the construction company’s stock worth $8,841,000 after buying an additional 3,454 shares during the last quarter. PSI Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth $87,000. Rosenberg Matthew Hamilton grew its stake in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after acquiring an additional 165 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of D.R. Horton by 3.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,246 shares of the construction company’s stock valued at $454,000 after acquiring an additional 107 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company’s stock worth $3,923,000 after purchasing an additional 2,767 shares during the last quarter. Institutional investors 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.