D.R. Horton (NYSE:DHI) Stock Rating Lowered by Zacks Research

D.R. Horton (NYSE:DHI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

DHI has been the topic of a number of other research reports. Truist Financial decreased their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 16th. Keefe, Bruyette & Woods dropped their price target on shares of D.R. Horton from $160.00 to $152.00 in a research report on Thursday, October 22nd. Raymond James Financial downgraded shares of D.R. Horton from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 3rd. Citigroup upped their price objective on shares of D.R. Horton from $150.00 to $152.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Finally, Royal Bank Of Canada lowered their price objective on shares of D.R. Horton from $119.00 to $114.00 and set an “underperform” rating for the company in a research report on Friday, October 30th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $151.33.

D.R. Horton Price Performance

D.R. Horton stock opened at $147.23 on Tuesday. D.R. Horton has a 12-month low of $130.40 and a 12-month high of $170.79. The stock has a market cap of $41.18 billion, a P/E ratio of 14.52, a PEG ratio of 1.75 and a beta of 1.35. The company has a 50-day moving average price of $141.58 and a 200 day moving average price of $147.51. The company has a current ratio of 6.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.01 by ($0.34). D.R. Horton had a net margin of 8.74% and a return on equity of 11.93%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.07 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that D.R. Horton will post 10.48 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitlin John LLC purchased a new stake in shares of D.R. Horton during the second quarter worth approximately $25,000. Fiduciary Financial Advisors purchased a new position in D.R. Horton in the 2nd quarter valued at $25,000. Compass Wealth Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at $27,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton in the second quarter valued at about $32,000. Finally, Compass Financial Management LLC purchased a new stake in shares of D.R. Horton in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.