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

D.R. Horton (NYSE:DHI) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Tuesday, MarketBeat.com reports. They presently have a $183.00 target price on the construction company’s stock, down from their previous target price of $200.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 19.06% from the stock’s previous close.

DHI has been the topic of several other reports. Wells Fargo & Company reduced their target price on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada cut their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday, October 30th. UBS Group lowered their target price on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup cut their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, BTIG Research lowered their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $182.73.

D.R. Horton Trading Down 2.1 %

D.R. Horton stock opened at $153.70 on Tuesday. The stock has a 50-day moving average price of $173.23 and a 200 day moving average price of $168.97. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85. The stock has a market cap of $49.36 billion, a PE ratio of 10.74, a P/E/G ratio of 0.58 and a beta of 1.71. 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 data on Tuesday, October 29th. The construction company reported $3.92 earnings per share 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.45 EPS. Equities research analysts predict that D.R. Horton will post 14.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the business. TCI Wealth Advisors Inc. grew its stake in shares of D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock worth $284,000 after purchasing an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in D.R. Horton by 1.0% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock valued at $872,000 after buying an additional 59 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock valued at $739,000 after buying an additional 60 shares during the period. Whittier Trust Co. lifted its stake in shares of D.R. Horton by 1.7% in the 2nd quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock worth $520,000 after acquiring an additional 63 shares during the period. Finally, Values First Advisors Inc. boosted its holdings in shares of D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

About D.R. Horton

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.