D. R. Horton (DHI) Downgraded to “Hold” at ValuEngine

D. R. Horton (NYSE:DHI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday, January 3rd.

DHI has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on D. R. Horton to $57.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. BTIG Research increased their price target on D. R. Horton to $62.00 in a research note on Thursday, December 14th. Wedbush lowered D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Finally, Barclays upped their price objective on D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $47.35.

D. R. Horton (NYSE DHI) opened at $51.91 on Wednesday. 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 52-week low of $27.97 and a 52-week high of $53.32. The stock has a market capitalization of $19,567.19, a PE ratio of 19.01, a P/E/G ratio of 1.51 and a beta of 1.32.

D. R. Horton (NYSE:DHI) last released its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. equities analysts expect that D. R. Horton will post 3.44 earnings per share for the current fiscal year.

In related news, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.65, for a total transaction of $976,963.05. Following the transaction, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. Insiders sold 28,677 shares of company stock worth $1,410,293 in the last 90 days. 7.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of DHI. Schwab Charles Investment Management Inc. boosted its stake in D. R. Horton by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,122,312 shares of the construction company’s stock worth $38,799,000 after purchasing an additional 81,462 shares during the period. Pacer Advisors Inc. boosted its stake in shares of D. R. Horton by 8.6% during the 2nd quarter. Pacer Advisors Inc. now owns 6,604 shares of the construction company’s stock valued at $228,000 after buying an additional 522 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of D. R. Horton by 63.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,171 shares of the construction company’s stock valued at $1,008,000 after buying an additional 11,375 shares during the period. Swiss National Bank boosted its stake in shares of D. R. Horton by 3.0% during the 2nd quarter. Swiss National Bank now owns 1,292,574 shares of the construction company’s stock valued at $44,684,000 after buying an additional 37,300 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of D. R. Horton by 1.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 22,722 shares of the construction company’s stock valued at $785,000 after buying an additional 399 shares during the period. 83.94% of the stock is owned by hedge funds and other institutional investors.

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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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