D.R. Horton (NYSE:DHI) Raised to “Hold” at StockNews.com

D.R. Horton (NYSE:DHIGet Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

DHI has been the subject of a number of other research reports. Wells Fargo & Company lowered their target price on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Barclays decreased their price objective on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a report on Thursday. BTIG Research decreased their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Evercore ISI decreased their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $176.20.

View Our Latest Stock Analysis on D.R. Horton

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $147.83 on Friday. The stock’s fifty day simple moving average is $151.85 and its 200 day simple moving average is $168.79. The company has a market capitalization of $47.43 billion, a PE ratio of 10.29, a PEG ratio of 0.51 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHIGet Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion for 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%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $4.45 EPS. On average, research analysts predict that D.R. Horton will post 14.03 EPS for the current year.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in DHI. Mountaineer Partners Management LLC acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $1,853,178,000. FMR LLC raised 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 buying an additional 2,442,581 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton in the third quarter valued at approximately $72,672,000. Nordea Investment Management AB raised its position in shares of D.R. Horton by 112.7% in the fourth quarter. Nordea Investment Management AB now owns 407,512 shares of the construction company’s stock valued at $57,255,000 after buying an additional 215,947 shares in the last quarter. Finally, KBC Group NV raised its position in shares of D.R. Horton by 360.0% in the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after buying an additional 212,112 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

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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.

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