D.R. Horton (NYSE:DHI) Upgraded to Strong-Buy at Seaport Res Ptn

Seaport Res Ptn upgraded shares of D.R. Horton (NYSE:DHI - Free Report) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Several other brokerages also recently commented on DHI. UBS Group lowered their price objective on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. JMP Securities restated a "market outperform" rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods downgraded D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $200.00 to $183.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group lowered their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $170.93.

Remove Ads

D.R. Horton Stock Performance

NYSE:DHI traded down $0.54 during mid-day trading on Thursday, hitting $133.42. 4,496,628 shares of the company traded hands, compared to its average volume of 2,672,260. The stock's fifty day moving average price is $136.37 and its 200-day moving average price is $161.08. D.R. Horton has a one year low of $124.23 and a one year high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. D.R. Horton's revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. D.R. Horton's dividend payout ratio (DPR) is presently 11.31%.

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Coastline Trust Co purchased a new stake in D.R. Horton during the third quarter valued at approximately $26,000. Nemes Rush Group LLC raised its position in D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the period. Golden State Wealth Management LLC purchased a new stake in D.R. Horton during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. raised its position in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock valued at $33,000 after purchasing an additional 117 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in D.R. Horton by 152.8% during 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 during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.