D.R. Horton (NYSE:DHI) Stock Rating Upgraded by StockNews.com

D.R. Horton (NYSE:DHI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts also recently weighed in on the company. Citigroup cut their target price on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Bank of America lifted their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Barclays decreased their target price on shares of D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday. Raymond James downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective for the company in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.20.

D.R. Horton Stock Up 0.8 %

DHI stock opened at $146.61 on Friday. The stock has a market cap of $47.04 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The firm’s 50-day simple moving average is $152.70 and its 200 day simple moving average is $168.64. D.R. Horton has a fifty-two week low of $133.02 and a fifty-two week 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.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. D.R. Horton’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $4.45 EPS. As a group, sell-side analysts predict that D.R. Horton will post 14.03 EPS for the current year.

Insider Transactions at D.R. Horton

In related news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

A number of hedge funds have recently bought and sold shares of DHI. Coastline Trust Co purchased a new position in shares of D.R. Horton in the third quarter worth approximately $26,000. Rakuten Securities Inc. grew its position in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in D.R. Horton by 152.8% during the 4th 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. Wolff Wiese Magana LLC lifted its holdings in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock valued at $40,000 after purchasing an additional 196 shares in the last quarter. Finally, Grove Bank & Trust boosted its position in shares of D.R. Horton by 76.2% in the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after buying an additional 93 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.