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

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

A number of other equities analysts also recently issued reports on DHI. JMP Securities reduced their price target on D.R. Horton from $210.00 to $180.00 and set a “market outperform” rating on the stock in a research report on Monday, April 21st. Keefe, Bruyette & Woods reduced their price target on D.R. Horton from $165.00 to $135.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Barclays reduced their price target on D.R. Horton from $120.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Finally, Citigroup reduced their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $151.15.

D.R. Horton Trading Up 1.3 %

DHI stock opened at $126.42 on Thursday. 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 twelve month low of $110.44 and a twelve month high of $199.85. The stock has a market capitalization of $38.83 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The firm’s fifty day simple moving average is $125.78 and its two-hundred day simple moving average is $143.89.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHI. Allworth Financial LP grew its stake in D.R. Horton by 5.5% during the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock worth $229,000 after buying an additional 82 shares during the last quarter. Nemes Rush Group LLC increased its stake in 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 buying an additional 82 shares during the period. Secure Asset Management LLC increased its stake in D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock valued at $257,000 after buying an additional 84 shares during the period. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock valued at $1,221,000 after buying an additional 89 shares during the period. Finally, Horizon Investments LLC increased its stake in D.R. Horton by 1.7% in the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock valued at $767,000 after buying an additional 91 shares during the period. Hedge funds and other 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.