D. R. Horton (DHI) Downgraded by Keefe, Bruyette & Woods to Market Perform
Keefe, Bruyette & Woods lowered shares of D. R. Horton (NYSE:DHI) from an outperform rating to a market perform rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.
Several other brokerages have also commented on DHI. UBS raised their price objective on D. R. Horton from $50.00 to $53.00 and gave the company a buy rating in a report on Friday, November 10th. Royal Bank Of Canada reissued a buy rating and issued a $51.00 price objective on shares of D. R. Horton in a report on Sunday, November 12th. KeyCorp raised their price objective on D. R. Horton from $41.00 to $46.00 and gave the company a buy rating in a report on Friday, October 20th. Citigroup reissued a neutral rating and issued a $42.00 price objective (up from $34.00) on shares of D. R. Horton in a report on Monday, October 9th. Finally, Wedbush reissued an outperform rating on shares of D. R. Horton in a report on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $44.06.
Shares of D. R. Horton (DHI) opened at $50.78 on Thursday. The company has a market capitalization of $19,048.17, a PE ratio of 18.60, a P/E/G ratio of 1.58 and a beta of 1.32. D. R. Horton has a 1-year low of $27.21 and a 1-year high of $51.53. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.75 earnings per share. analysts predict that D. R. Horton will post 3.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 30th. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio (DPR) is 18.32%.
In other news, CFO Bill W. Wheat sold 19,677 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the transaction, the chief financial officer now owns 100,081 shares in the company, valued at $4,969,021.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $287,160. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,677 shares of company stock worth $2,118,433. Company insiders own 7.20% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of D. R. Horton by 0.7% in the second quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock valued at $1,213,190,000 after acquiring an additional 253,036 shares in the last quarter. FMR LLC lifted its position in D. R. Horton by 3.9% during the second quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after buying an additional 446,612 shares in the last quarter. Greenhaven Associates Inc. lifted its position in D. R. Horton by 0.5% during the third quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after buying an additional 42,642 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in D. R. Horton by 5.7% during the third quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after buying an additional 306,287 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in D. R. Horton by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 4,846,653 shares of the construction company’s stock worth $167,550,000 after buying an additional 164,817 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.
D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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