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

D.R. Horton (NYSE:DHI) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They presently have a $183.00 price objective on the construction company’s stock, down from their previous price objective of $200.00. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.69% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on D.R. Horton from $180.00 to $188.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company cut their price objective on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group cut their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $184.20.

D.R. Horton Stock Up 1.5 %

Shares of NYSE DHI opened at $160.96 on Tuesday. The stock has a market cap of $51.70 billion, a P/E ratio of 11.21, a PEG ratio of 0.58 and a beta of 1.71. The business’s fifty day simple moving average is $173.95 and its 200-day simple moving average is $168.88. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the business earned $4.45 EPS. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts predict that D.R. Horton will post 14.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. 1.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bfsg LLC raised its stake in D.R. Horton by 70.5% during the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Coastline Trust Co bought a new stake in D.R. Horton during the third quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of D.R. Horton during the second quarter worth $31,000. Rakuten Securities Inc. lifted its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of D.R. Horton by 1,306.7% in the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after buying an additional 196 shares during the period. 90.63% of the stock is 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.