StockNews.com Downgrades D.R. Horton (NYSE:DHI) to Sell

D.R. Horton (NYSE:DHI - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday.

DHI has been the topic of a number of other reports. JMP Securities dropped their price objective on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a report on Monday. Keefe, Bruyette & Woods dropped their price target on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. BTIG Research decreased their price objective on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Up 3.3 %

DHI stock traded up $4.04 during midday trading on Tuesday, hitting $124.80. 4,427,565 shares of the company's stock were exchanged, compared to its average volume of 2,925,217. D.R. Horton has a one year low of $110.44 and a one year high of $199.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. The company has a market cap of $39.33 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The stock's fifty day moving average price is $126.18 and its 200-day moving average price is $146.07.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the firm earned $3.52 EPS. Research analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently added to or reduced their stakes in the business. Golden State Equity Partners increased its holdings in shares of D.R. Horton by 435.6% in the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company's stock valued at $545,000 after purchasing an additional 3,171 shares during the last quarter. Pensionfund Sabic boosted its holdings in shares of D.R. Horton by 70.2% during the 4th quarter. Pensionfund Sabic now owns 9,700 shares of the construction company's stock worth $1,356,000 after buying an additional 4,000 shares during the period. Park Avenue Securities LLC grew its stake in D.R. Horton by 10.9% in the 4th quarter. Park Avenue Securities LLC now owns 28,056 shares of the construction company's stock valued at $3,923,000 after buying an additional 2,767 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in D.R. Horton in the 3rd quarter valued at about $713,000. Finally, Park National Corp OH lifted its position in D.R. Horton by 8.9% during the fourth quarter. Park National Corp OH now owns 212,815 shares of the construction company's stock worth $29,756,000 after acquiring an additional 17,441 shares during the last quarter. Institutional investors own 90.63% of the company's stock.

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.

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