D.R. Horton (NYSE:DHI) Stock Dropped to “Strong Sell” by Zacks Research

D.R. Horton (NYSE:DHI) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Citigroup upped their price objective on shares of D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $182.00 target price (down from $190.00) on shares of D.R. Horton in a report on Monday, October 12th. Evercore dropped their price target on D.R. Horton from $171.00 to $166.00 in a research report on Thursday, October 8th. Raymond James Financial cut D.R. Horton from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 3rd. Finally, Stonex Financial upgraded D.R. Horton to a “hold” rating in a report on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $151.33.

D.R. Horton Stock Down 1.6%

NYSE:DHI opened at $147.23 on Tuesday. The firm’s 50-day moving average price is $141.58 and its 200-day moving average price is $147.51. The company has a market capitalization of $41.18 billion, a PE ratio of 14.52, a P/E/G ratio of 1.75 and a beta of 1.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.01 and a quick ratio of 0.95. D.R. Horton has a 1-year low of $130.40 and a 1-year high of $170.79.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts predict that D.R. Horton will post 10.48 EPS for the current fiscal year.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of D.R. Horton during the 2nd quarter valued at $4,067,842,000. Bank of America Corp DE grew its holdings in shares of D.R. Horton by 10.7% in the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after acquiring an additional 312,303 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of D.R. Horton by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after acquiring an additional 21,514 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in D.R. Horton by 4.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock valued at $472,969,000 after acquiring an additional 122,434 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in D.R. Horton in the second quarter valued at about $294,292,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.