D.R. Horton’s (DHI) “Equal Weight” Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of D.R. Horton (NYSE:DHI) in a report issued on Wednesday, MarketBeat Ratings reports. They currently have a $170.00 price objective on the construction company’s stock, down from their previous price objective of $192.00.

A number of other research analysts also recently weighed in on the company. Wells Fargo & Company cut their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Evercore ISI decreased their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. Raymond James lowered shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Citigroup decreased their price target on shares of D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, BTIG Research dropped their price objective on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $180.60.

D.R. Horton Stock Performance

DHI stock opened at $149.85 on Wednesday. The firm has a 50 day moving average of $171.02 and a two-hundred day moving average of $168.78. D.R. Horton has a 12 month low of $133.02 and a 12 month high of $199.85. The company has a market capitalization of $48.13 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.71. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Activity

In related 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 value of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of DHI. Mountaineer Partners Management LLC bought a new position in shares of D.R. Horton during the third quarter valued at $1,853,178,000. FMR LLC lifted its holdings in D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in D.R. Horton by 1,761.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock valued at $147,118,000 after buying an additional 987,834 shares in the last quarter. Principal Financial Group Inc. grew its stake in D.R. Horton by 51.2% during the second quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after buying an additional 561,337 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of D.R. Horton during the third quarter worth approximately $72,672,000. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

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.