Wall Street Zen Upgrades D.R. Horton (NYSE:DHI) to Hold

D.R. Horton (NYSE:DHI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

A number of other brokerages have also issued reports on DHI. BTIG Research dropped their target price on D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock 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. Keefe, Bruyette & Woods dropped their price objective on D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Bank of America cut their target price on D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Wells Fargo & Company cut their price target 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $151.15.

D.R. Horton Stock Performance

Shares of NYSE DHI opened at $131.86 on Friday. The company has a 50-day simple moving average of $126.01 and a 200-day simple moving average of $128.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 7.29 and a quick ratio of 1.15. The company has a market cap of $40.50 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 4.12 and a beta of 1.38. D.R. Horton has a 12 month low of $110.44 and a 12 month high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $8.07 billion. During the same quarter last year, the business earned $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current year.

Insider Activity at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares of the company's stock, valued at $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter worth $593,363,000. Allspring Global Investments Holdings LLC increased its position in D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company's stock worth $252,477,000 after buying an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of D.R. Horton by 4,630.6% in the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company's stock worth $214,984,000 after buying an additional 1,655,309 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after buying an additional 1,490,648 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of D.R. Horton by 19,102.6% during the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after acquiring an additional 911,960 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.