D.R. Horton Inc. (NYSE:DHI) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday. They presently have a $25.52 target price on the stock. Vetr‘s price target suggests a potential downside of 11.42% from the stock’s current price.
Several other analysts have also commented on DHI. Argus reaffirmed a “buy” rating and set a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. RBC Capital Markets set a $34.00 target price on D.R. Horton and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Royal Bank Of Canada dropped their target price on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. Wedbush reaffirmed an “outperform” rating and set a $36.00 target price on shares of D.R. Horton in a report on Tuesday, November 8th. Finally, MKM Partners set a $32.00 target price on D.R. Horton and gave the stock a “hold” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.10.
Shares of D.R. Horton (NYSE:DHI) traded up 0.7154% during mid-day trading on Monday, hitting $29.0161. The stock had a trading volume of 534,586 shares. D.R. Horton has a one year low of $22.97 and a one year high of $34.56. The stock has a market cap of $10.82 billion, a P/E ratio of 12.2950 and a beta of 1.17. The firm has a 50 day moving average of $28.74 and a 200-day moving average of $30.76.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.02. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The firm earned $3.70 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post $2.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be given a dividend of $0.10 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. D.R. Horton’s dividend payout ratio (DPR) is presently 13.62%.
In related news, Director Michael W. Hewatt sold 5,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $159,350. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 7.17% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DHI. Emerald Acquisition Ltd. bought a new position in shares of D.R. Horton during the second quarter worth approximately $132,964,000. Boston Partners increased its position in shares of D.R. Horton by 96.7% in the second quarter. Boston Partners now owns 5,862,356 shares of the company’s stock worth $184,547,000 after buying an additional 2,881,770 shares during the last quarter. Prudential Financial Inc. increased its position in shares of D.R. Horton by 89.2% in the second quarter. Prudential Financial Inc. now owns 3,717,865 shares of the company’s stock worth $117,039,000 after buying an additional 1,752,500 shares during the last quarter. Oakmont Corp bought a new position in shares of D.R. Horton during the third quarter worth approximately $48,685,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of D.R. Horton during the third quarter worth approximately $38,140,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.