Keefe, Bruyette & Woods Downgrades D.R. Horton (NYSE:DHI) to Market Perform

D.R. Horton (NYSE:DHI - Get Free Report) was downgraded by equities researchers at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $183.00 target price on the construction company's stock, down from their previous target price of $200.00. Keefe, Bruyette & Woods' price target would indicate a potential upside of 16.56% from the stock's current price.

Several other equities research analysts have also commented on the company. Barclays cut their target price on D.R. Horton from $200.00 to $192.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted 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 report on Monday, November 4th. Royal Bank of Canada decreased their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating for the company in a research note on Wednesday, October 30th. Finally, Raymond James lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of "Hold" and an average target price of $184.20.

D.R. Horton Trading Down 2.5 %

Shares of D.R. Horton stock traded down $3.96 during midday trading on Tuesday, reaching $157.00. The company had a trading volume of 2,273,789 shares, compared to its average volume of 2,496,322. The firm has a market cap of $50.42 billion, a PE ratio of 11.01, a P/E/G ratio of 0.58 and a beta of 1.71. The stock has a fifty day moving average price of $173.95 and a 200 day moving average price of $168.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 earnings per share. On average, equities analysts anticipate that D.R. Horton will post 14.26 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.74% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Hedge funds have recently modified their holdings of the company. KBC Group NV grew its position in D.R. Horton by 360.0% during 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 during the period. Legacy CG LLC bought a new position in shares of D.R. Horton during the 3rd quarter valued at approximately $4,220,000. Benjamin Edwards Inc. increased its stake in shares of D.R. Horton by 904.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company's stock worth $7,795,000 after purchasing an additional 36,780 shares during the last quarter. Schear Investment Advisers LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $1,308,000. Finally, Rheos Capital Works Inc. lifted its stake in D.R. Horton by 84.4% in the third quarter. Rheos Capital Works Inc. now owns 83,000 shares of the construction company's stock valued at $15,834,000 after purchasing an additional 38,000 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

About D.R. Horton

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.