D.R. Horton (NYSE:DHI) Lowered to Market Perform Rating by Raymond James

D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Thursday, MarketBeat reports.

Other equities research analysts also recently issued research reports about the company. BTIG Research cut their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a report on Tuesday, October 15th. Citigroup decreased their target price on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.87.

D.R. Horton Trading Up 0.4 %

Shares of DHI stock opened at $168.79 on Thursday. The stock has a 50-day simple moving average of $184.62 and a 200 day simple moving average of $166.17. The stock has a market capitalization of $55.00 billion, a P/E ratio of 11.75, a P/E/G ratio of 0.57 and a beta of 1.74. D.R. Horton has a fifty-two week low of $120.10 and a fifty-two week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the firm earned $4.45 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts expect that D.R. Horton will post 15.64 earnings per share for the current fiscal year.

D.R. Horton announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 6.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in DHI. Overbrook Management Corp increased its stake in shares of D.R. Horton by 84.7% during the 3rd quarter. Overbrook Management Corp now owns 102,866 shares of the construction company’s stock worth $19,624,000 after purchasing an additional 47,174 shares during the last quarter. Intech Investment Management LLC increased its position in D.R. Horton by 59.2% during the third quarter. Intech Investment Management LLC now owns 108,389 shares of the construction company’s stock worth $20,677,000 after buying an additional 40,304 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in D.R. Horton by 153.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,979 shares of the construction company’s stock worth $17,547,000 after buying an additional 55,687 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in D.R. Horton by 1.6% during the third quarter. Citizens Financial Group Inc. RI now owns 8,006 shares of the construction company’s stock valued at $1,527,000 after buying an additional 126 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of D.R. Horton by 17.0% in the third quarter. Advisors Asset Management Inc. now owns 27,416 shares of the construction company’s stock worth $5,230,000 after buying an additional 3,990 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.