D.R. Horton (NYSE:DHI) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. downgraded shares of D.R. Horton (NYSE:DHI - Free Report) from a neutral rating to an underweight rating in a report issued on Friday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $156.00 target price on the construction company's stock, down from their previous target price of $188.00.

Other equities research analysts have also issued research reports about the stock. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their target price on 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. Wedbush raised shares of D.R. Horton from an "underperform" rating to a "neutral" rating and set a $165.00 price target on the stock in a report on Tuesday, October 15th. Keefe, Bruyette & Woods cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $200.00 to $183.00 in a research note on Tuesday. Finally, BTIG Research decreased their price target on shares of D.R. Horton from $190.00 to $186.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $180.60.

D.R. Horton Trading Down 1.4 %

DHI traded down $2.11 during trading on Friday, reaching $149.10. 2,833,349 shares of the stock traded hands, compared to its average volume of 2,504,826. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The stock's 50-day moving average is $171.71 and its 200 day moving average is $168.74. The stock has a market capitalization of $47.89 billion, a PE ratio of 10.53, a P/E/G ratio of 0.57 and a beta of 1.71.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company earned $4.45 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton will post 14.17 earnings per share for the current year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This is a positive change from D.R. Horton's previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, November 12th. D.R. Horton's dividend payout ratio is currently 11.14%.

Insiders Place Their Bets

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.74% of the company's stock.

Institutional Investors Weigh In On D.R. Horton

Hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC increased its holdings in shares of D.R. Horton by 37,600.0% in the 2nd quarter. ORG Partners LLC now owns 377 shares of the construction company's stock worth $52,000 after purchasing an additional 376 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in D.R. Horton by 1.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,934 shares of the construction company's stock valued at $2,668,000 after purchasing an additional 286 shares during the period. Blue Trust Inc. boosted its holdings in D.R. Horton by 67.0% in the second quarter. Blue Trust Inc. now owns 4,461 shares of the construction company's stock worth $629,000 after purchasing an additional 1,789 shares during the last quarter. Brookstone Capital Management bought a new position in shares of D.R. Horton during the 2nd quarter valued at $1,856,000. Finally, Everpar Advisors LLC boosted its stake in shares of D.R. Horton by 4.4% in the 2nd quarter. Everpar Advisors LLC now owns 1,669 shares of the construction company's stock worth $235,000 after buying an additional 71 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

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.