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

StockNews.com cut shares of D.R. Horton (NYSE:DHI) from a hold rating to a sell rating in a report published on Tuesday.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada dropped their price target on shares of D.R. Horton from $125.00 to $105.00 and set an “underperform” rating for the company in a research note on Monday. Wedbush reaffirmed a “neutral” rating and set a $180.00 target price on shares of D.R. Horton in a report on Friday, January 17th. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Monday. The Goldman Sachs Group cut their price objective on D.R. Horton from $173.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $165.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $151.15.

D.R. Horton Stock Up 3.3 %

DHI stock opened at $124.80 on Tuesday. The company has a market cap of $39.33 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $199.85. The business has a 50-day simple moving average of $126.18 and a 200 day simple moving average of $146.07.

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

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a $0.40 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. D.R. Horton’s payout ratio is 12.11%.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in the company. Nemes Rush Group LLC lifted its stake in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in D.R. Horton in the fourth quarter worth $30,000. Rosenberg Matthew Hamilton boosted its stake in D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock worth $38,000 after buying an additional 165 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in D.R. Horton during the 4th quarter valued at about $38,000. Finally, Sierra Ocean LLC bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $43,000. 90.63% of the stock is owned by 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.