Keefe, Bruyette & Woods cut shares of D. R. Horton (NYSE:DHI) from an outperform rating to a market perform rating in a research report sent to investors on Friday.

A number of other analysts also recently issued reports on DHI. ValuEngine downgraded D. R. Horton from a hold rating to a sell rating in a research note on Wednesday, January 2nd. JMP Securities set a $44.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Wednesday, January 2nd. Buckingham Research began coverage on D. R. Horton in a research note on Friday. They issued a buy rating on the stock. Credit Suisse Group set a $45.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Wednesday, October 17th. Finally, Wedbush set a $43.00 price objective on D. R. Horton and gave the stock a buy rating in a research note on Friday, November 9th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $46.87.

Shares of DHI opened at $39.60 on Friday. The company has a market cap of $14.89 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.16. D. R. Horton has a 12-month low of $32.39 and a 12-month high of $52.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.31 and a current ratio of 7.25.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts expect that D. R. Horton will post 4.18 EPS for the current year.

In other news, Chairman Donald R. Horton sold 163,000 shares of D. R. Horton stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $36.08, for a total value of $5,881,040.00. Following the completion of the transaction, the chairman now owns 23,833,899 shares in the company, valued at approximately $859,927,075.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of D. R. Horton stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $34.40, for a total value of $344,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 226,892 shares of company stock valued at $8,206,227. Company insiders own 6.87% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Scout Investments Inc. purchased a new position in shares of D. R. Horton in the 4th quarter worth approximately $4,950,000. Cerebellum GP LLC purchased a new position in D. R. Horton during the 4th quarter valued at $264,000. Norman Fields Gottscho Capital Management LLC purchased a new position in D. R. Horton during the 4th quarter valued at $219,000. Park National Corp OH boosted its holdings in D. R. Horton by 79.4% during the 4th quarter. Park National Corp OH now owns 127,044 shares of the construction company’s stock valued at $4,403,000 after acquiring an additional 56,238 shares during the period. Finally, J. L. Bainbridge & Co. Inc. boosted its holdings in D. R. Horton by 59.9% during the 3rd quarter. J. L. Bainbridge & Co. Inc. now owns 678,153 shares of the construction company’s stock valued at $28,604,000 after acquiring an additional 253,913 shares during the period. Hedge funds and other institutional investors own 81.58% of the company’s stock.

About D. R. Horton

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.

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

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