D.R. Horton (NYSE:DHI) Stock Rating Raised to "Hold" at Stonex Financia

Key Points

• Stonex Financia upgraded D.R. Horton to “Hold,” aligning with the broader analyst consensus. The stock is covered by five Buy, twelve Hold, and two Sell ratings, with an average price target of $156.36.
• D.R. Horton shares traded at $139.20, below their 50-day and 200-day moving averages, with a one-year range of $130.40 to $170.79.
• The homebuilder exceeded quarterly expectations, reporting $3.20 in EPS versus a $3.02 estimate and $9.23 billion in revenue versus $9.10 billion expected. Institutional investors own 90.63% of the company’s stock.

D.R. Horton (NYSE:DHI - Get Free Report) was upgraded by analysts at Stonex Financia to a "hold" rating in a research report issued on Thursday, Zacks reports.

DHI has been the subject of several other research reports. Morgan Stanley began coverage on D.R. Horton in a report on Thursday, October 1st. They issued an "equal weight" rating and a $151.00 price objective for the company. Royal Bank Of Canada decreased their target price on D.R. Horton from $125.00 to $119.00 and set an "underperform" rating for the company in a research note on Thursday. Truist Financial lowered their target price on D.R. Horton from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, September 16th. BTIG Research reiterated a "buy" rating and issued a $174.00 target price on shares of D.R. Horton in a report on Tuesday, September 22nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of D.R. Horton from $167.00 to $160.00 and set a "market perform" rating on the stock in a research report on Tuesday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $156.36.

D.R. Horton Price Performance

DHI traded down $0.35 on Thursday, reaching $139.20. The company had a trading volume of 3,349,658 shares, compared to its average volume of 3,245,182. The company has a fifty day moving average of $141.57 and a 200-day moving average of $146.42. The company has a market capitalization of $38.93 billion, a P/E ratio of 13.24, a PEG ratio of 2.17 and a beta of 1.35. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. D.R. Horton has a one year low of $130.40 and a one year high of $170.79.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. D.R. Horton's revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.36 EPS. As a group, equities research analysts anticipate that D.R. Horton will post 10.43 earnings per share for the current year.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of D.R. Horton in the second quarter worth $4,067,842,000. Bank of America Corp DE acquired a new stake in D.R. Horton during the 2nd quarter worth about $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in D.R. Horton by 4.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company's stock valued at $472,969,000 after acquiring an additional 122,434 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in D.R. Horton by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company's stock valued at $422,734,000 after acquiring an additional 21,514 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in D.R. Horton by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company's stock valued at $295,789,000 after acquiring an additional 48,723 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

About D.R. Horton

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.

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