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

Raymond James lowered shares of D.R. Horton (NYSE:DHI - Free Report) from an outperform rating to a market perform rating in a report issued on Thursday, Marketbeat.com reports.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods raised their price objective 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. Royal Bank of Canada dropped their target price on D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a report on Wednesday, October 30th. Bank of America upped their price target on D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. UBS Group dropped their price objective on shares of D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of D.R. Horton from $180.00 to $188.00 and gave the company a "neutral" rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.87.

D.R. Horton Trading Up 0.8 %

D.R. Horton stock traded up $1.40 during midday trading on Thursday, reaching $168.11. The stock had a trading volume of 2,217,433 shares, compared to its average volume of 2,517,287. The stock has a market capitalization of $54.78 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock's 50-day simple moving average is $185.40 and its 200 day simple moving average is $165.98. D.R. Horton has a twelve month low of $120.10 and a twelve month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the business posted $4.45 EPS. The company's quarterly revenue was down 4.7% on a year-over-year basis. Analysts expect that D.R. Horton will post 15.64 EPS for the current year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's payout ratio is currently 8.36%.

D.R. Horton declared that its Board of Directors has approved a share buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently added to or reduced their stakes in DHI. Vanguard Group Inc. boosted its stake in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company's stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the period. Assenagon Asset Management S.A. increased its position in D.R. Horton by 1,761.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company's stock valued at $147,118,000 after acquiring an additional 987,834 shares during the period. Principal Financial Group Inc. boosted its position in D.R. Horton by 51.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company's stock worth $233,525,000 after acquiring an additional 561,337 shares during the period. Long Pond Capital LP grew its stake in shares of D.R. Horton by 438.6% in the first quarter. Long Pond Capital LP now owns 659,761 shares of the construction company's stock worth $108,564,000 after purchasing an additional 537,276 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of D.R. Horton by 265.6% during the first quarter. National Bank of Canada FI now owns 488,376 shares of the construction company's stock valued at $73,239,000 after purchasing an additional 354,789 shares in the last quarter. 90.63% of the stock is 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.