D.R. Horton (NYSE:DHI) Downgraded to “Sell” Rating by StockNews.com

D.R. Horton (NYSE:DHI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

DHI has been the topic of several other research reports. BTIG Research dropped 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. Barclays reaffirmed an “equal weight” rating and issued a $170.00 price objective (down from $192.00) on shares of D.R. Horton in a research report on Wednesday, December 11th. Bank of America lifted their target price on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. UBS Group dropped their price objective on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada lowered 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven 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 “Hold” and an average price target of $176.67.

D.R. Horton Stock Up 1.5 %

DHI traded up $2.13 on Thursday, hitting $139.97. The company had a trading volume of 3,066,552 shares, compared to its average volume of 2,791,319. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The stock has a fifty day simple moving average of $155.00 and a 200-day simple moving average of $168.46. 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 market capitalization of $44.91 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.57 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The firm’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 earnings per share. As a group, equities analysts expect that D.R. Horton will post 14.17 EPS for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Institutional investors have recently added to or reduced their stakes in the stock. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC lifted its position in shares of D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after acquiring an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after acquiring an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its position in shares of D.R. Horton by 3.5% during the third quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock worth $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock valued at $290,901,000 after purchasing an additional 9,137 shares during the last quarter. 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.