D. R. Horton (NYSE:DHI) Downgraded to “Sell” at ValuEngine

D. R. Horton (NYSE:DHI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

DHI has been the topic of several other reports. Buckingham Research raised their price objective on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. BTIG Research restated a “buy” rating on shares of D. R. Horton in a research note on Monday, September 23rd. Seaport Global Securities assumed coverage on D. R. Horton in a research note on Friday, August 23rd. They set a “buy” rating and a $59.00 price objective on the stock. Finally, JMP Securities raised their price objective on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.22.

Shares of DHI stock traded down $0.15 during mid-day trading on Thursday, reaching $52.50. 3,687,356 shares of the company were exchanged, compared to its average volume of 4,936,615. D. R. Horton has a fifty-two week low of $32.39 and a fifty-two week high of $53.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The company has a market capitalization of $19.35 billion, a P/E ratio of 12.84, a P/E/G ratio of 1.04 and a beta of 1.04. The business’s 50 day simple moving average is $50.70 and its 200 day simple moving average is $46.16.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period last year, the business posted $1.18 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that D. R. Horton will post 4.18 EPS for the current year.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $937,350 over the last quarter. 6.87% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in D. R. Horton by 8.7% in the second quarter. Janus Henderson Group PLC now owns 178,226 shares of the construction company’s stock valued at $7,688,000 after buying an additional 14,294 shares during the last quarter. Cibc World Markets Corp lifted its stake in D. R. Horton by 31.2% in the second quarter. Cibc World Markets Corp now owns 59,015 shares of the construction company’s stock valued at $2,545,000 after buying an additional 14,017 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of D. R. Horton during the second quarter valued at about $41,000. Hi Line Capital Management LLC raised its stake in shares of D. R. Horton by 0.7% during the second quarter. Hi Line Capital Management LLC now owns 156,286 shares of the construction company’s stock valued at $6,741,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its stake in shares of D. R. Horton by 66.9% during the second quarter. Appleton Partners Inc. MA now owns 27,130 shares of the construction company’s stock valued at $1,170,000 after purchasing an additional 10,870 shares in the last quarter. Institutional investors own 86.07% of the company’s stock.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

Featured Story: What is a capital gain?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for D. R. Horton (NYSE:DHI)

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.