ValuEngine Downgrades D. R. Horton (DHI) to Buy

ValuEngine cut shares of D. R. Horton (NYSE:DHI) from a strong-buy rating to a buy rating in a research note published on Friday morning.

A number of other equities research analysts have also commented on the stock. UBS upped their price objective on shares of D. R. Horton from $50.00 to $53.00 and gave the company a buy rating in a research note on Friday, November 10th. Royal Bank Of Canada reaffirmed a buy rating and issued a $51.00 price objective on shares of D. R. Horton in a research note on Sunday, November 12th. KeyCorp upped their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the company a buy rating in a research note on Friday, October 20th. Citigroup reaffirmed a neutral rating and issued a $42.00 price objective (up from $34.00) on shares of D. R. Horton in a research note on Monday, October 9th. Finally, Wedbush reaffirmed an outperform rating on shares of D. R. Horton in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. D. R. Horton currently has an average rating of Buy and a consensus target price of $44.06.

Shares of D. R. Horton (DHI) opened at $50.58 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. D. R. Horton has a 12 month low of $27.18 and a 12 month high of $51.53. The company has a market cap of $18,913.16, a price-to-earnings ratio of 18.47, a PEG ratio of 1.43 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. sell-side analysts anticipate that D. R. Horton will post 3.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.99%. D. R. Horton’s dividend payout ratio is currently 18.32%.

In other D. R. Horton news, Director Bradley S. Anderson sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the transaction, the director now owns 36,828 shares in the company, valued at $1,379,576.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 4,000 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $36.11, for a total transaction of $144,440.00. Following the transaction, the director now owns 8,000 shares in the company, valued at approximately $288,880. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,677 shares of company stock worth $2,262,873. 7.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in D. R. Horton by 0.7% during the second quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock worth $1,213,190,000 after buying an additional 253,036 shares during the last quarter. FMR LLC raised its holdings in D. R. Horton by 3.9% during the second quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after buying an additional 446,612 shares during the last quarter. Greenhaven Associates Inc. raised its holdings in D. R. Horton by 0.5% during the third quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after buying an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in D. R. Horton by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after buying an additional 306,287 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in D. R. Horton by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 4,846,653 shares of the construction company’s stock worth $167,550,000 after buying an additional 164,817 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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D. R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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Analyst Recommendations for D. R. Horton (NYSE:DHI)

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