D.R. Horton (NYSE:DHI) Stock Rating Lowered by Bank of America

D.R. Horton (NYSE:DHI) was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research report issued on Monday,Briefing.com Automated Import reports. They presently have a $150.00 target price on the construction company’s stock, down from their prior target price of $160.00. Bank of America‘s price objective suggests a potential upside of 4.91% from the company’s current price.

A number of other brokerages have also recently issued reports on DHI. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Citigroup cut their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $210.00 target price on shares of D.R. Horton in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $170.20.

D.R. Horton Stock Performance

NYSE:DHI opened at $142.98 on Monday. The firm’s 50-day moving average is $150.06 and its 200-day moving average is $169.12. The company has a market cap of $45.87 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.56 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.61 and a current ratio of 6.92. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7,120,170 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton will post 13.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Dupree Financial Group LLC increased its stake in shares of D.R. Horton by 21.1% during the 4th quarter. Dupree Financial Group LLC now owns 19,198 shares of the construction company’s stock worth $2,684,000 after purchasing an additional 3,348 shares during the last quarter. Trust Point Inc. increased its position in D.R. Horton by 18.5% during the fourth quarter. Trust Point Inc. now owns 1,438 shares of the construction company’s stock worth $201,000 after buying an additional 224 shares during the last quarter. Childress Capital Advisors LLC raised its stake in D.R. Horton by 9.6% in the fourth quarter. Childress Capital Advisors LLC now owns 1,650 shares of the construction company’s stock valued at $231,000 after buying an additional 144 shares during the period. Boston Trust Walden Corp boosted its stake in shares of D.R. Horton by 28.5% during the 4th quarter. Boston Trust Walden Corp now owns 285,106 shares of the construction company’s stock worth $39,864,000 after acquiring an additional 63,306 shares during the period. Finally, Financial Life Planners acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $195,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.