D.R. Horton, Inc. (NYSE:DHI - Get Free Report) rose 2.4% on Friday . The company traded as high as $123.00 and last traded at $125.25. Approximately 428,456 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 2,815,113 shares. The stock had previously closed at $122.31.
Analyst Ratings Changes
Several research analysts have commented on the company. JPMorgan Chase & Co. downgraded D.R. Horton from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. StockNews.com upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a report on Saturday, January 25th. Keefe, Bruyette & Woods lowered shares of D.R. Horton from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company decreased their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $169.14.
Read Our Latest Analysis on DHI
D.R. Horton Stock Performance
The company has a market capitalization of $38.17 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a 50 day moving average price of $129.38 and a 200 day moving average price of $151.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.
D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company earned $2.82 earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.
D.R. Horton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.32%. D.R. Horton's payout ratio is 11.31%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC lifted its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth approximately $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of D.R. Horton by 152.8% in the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock valued at $38,000 after purchasing an additional 165 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of D.R. Horton during the fourth quarter valued at approximately $38,000. Finally, Sierra Ocean LLC bought a new stake in D.R. Horton during the fourth quarter worth $43,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.
D.R. Horton Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider D.R. Horton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D.R. Horton wasn't on the list.
While D.R. Horton currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
