D.R. Horton (NYSE:DHI) Cut to Sell at StockNews.com

StockNews.com lowered shares of D.R. Horton (NYSE:DHI - Free Report) from a hold rating to a sell rating in a report issued on Tuesday morning.

Several other analysts have also issued reports on DHI. JPMorgan Chase & Co. reduced their price objective on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Citigroup reduced their price objective on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on shares of D.R. Horton from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group dropped their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $151.15.

D.R. Horton Trading Down 1.1 %

Shares of DHI traded down $1.35 during midday trading on Tuesday, reaching $124.69. The company had a trading volume of 3,588,150 shares, compared to its average volume of 2,949,679. D.R. Horton has a 1-year low of $110.44 and a 1-year high of $199.85. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $125.87 and a 200-day simple moving average of $144.55. The stock has a market cap of $38.30 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company had revenue of $7.73 billion for the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter in the prior year, the firm earned $3.52 EPS. Research analysts forecast that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, May 2nd. D.R. Horton's dividend payout ratio (DPR) is 12.11%.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Townsend & Associates Inc boosted its holdings in D.R. Horton by 15.6% in the first quarter. Townsend & Associates Inc now owns 102,103 shares of the construction company's stock valued at $12,330,000 after purchasing an additional 13,816 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in D.R. Horton in the first quarter valued at approximately $337,000. KBC Group NV lifted its stake in D.R. Horton by 22.3% in the first quarter. KBC Group NV now owns 83,104 shares of the construction company's stock valued at $10,565,000 after buying an additional 15,162 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in D.R. Horton by 652.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock valued at $252,477,000 after buying an additional 1,718,094 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in D.R. Horton by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,251 shares of the construction company's stock valued at $4,315,000 after buying an additional 3,975 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

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.