Trade Report: Today, D.R. Horton Inc. (DHI) Upgrade to “Sell” by Vetr Inc.

Today, D.R. Horton Inc. (DHI) Upgrade to “Sell” by Vetr Inc.

Vetr upgraded shares of D.R. Horton Inc. (NYSE:DHI) from a strong sell rating to a sell rating in a research note released on Monday. Vetr currently has $25.52 price objective on the stock.

Several other research analysts have also recently weighed in on the stock. Wedbush restated an outperform rating and set a $36.00 price target on shares of D.R. Horton in a report on Tuesday, November 8th. FBN Securities raised shares of D.R. Horton from an underperform rating to a sector perform rating and lifted their price objective for the stock from $25.00 to $27.50 in a research report on Monday, October 10th. Wells Fargo & Co. started coverage on shares of D.R. Horton in a research report on Wednesday, September 28th. They issued an outperform rating on the stock. MKM Partners set a $32.00 price objective on shares of D.R. Horton and gave the stock a hold rating in a research report on Wednesday, November 9th. Finally, Evercore ISI started coverage on shares of D.R. Horton in a research report on Monday, November 14th. They issued a buy rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $31.93.

Shares of D.R. Horton (NYSE:DHI) opened at 28.49 on Monday. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 12.07 and a beta of 1.17. D.R. Horton has a 52-week low of $22.97 and a 52-week high of $34.56. The company’s 50 day moving average is $28.67 and its 200 day moving average is $30.77.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share 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 had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Analysts anticipate that D.R. Horton will post $2.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be issued a $0.10 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. D.R. Horton’s dividend payout ratio is presently 17.02%.

In other news, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total value of $159,350.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.17% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of DHI. MCF Advisors LLC raised its position in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares during the last quarter. Creative Planning raised its position in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock worth $130,000 after buying an additional 18 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $132,000 after buying an additional 1,100 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its position in shares of D.R. Horton by 148.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,390 shares of the company’s stock worth $138,000 after buying an additional 2,626 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

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.

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