D.R. Horton, Inc. (DHI) Stock Rating Lowered by Zelman & Associates

D.R. Horton, Inc. (NYSE:DHI) was downgraded by analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other equities analysts also recently issued reports about the stock. Citigroup Inc. increased their price target on shares of D.R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday. UBS AG increased their price target on shares of D.R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Buckingham Research increased their price target on shares of D.R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday. Mizuho reissued a “hold” rating and issued a $38.00 price target on shares of D.R. Horton in a research note on Friday, October 27th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $62.00 price target (up from $41.00) on shares of D.R. Horton in a research note on Monday, October 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.11.

D.R. Horton (NYSE:DHI) opened at $46.00 on Friday. The company has a market cap of $17,217.02, a PE ratio of 16.85, a PEG ratio of 1.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 6.93. D.R. Horton has a one year low of $27.15 and a one year high of $46.80.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4 billion. D.R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. sell-side analysts predict that D.R. Horton will post 3.15 EPS for the current year.

D.R. Horton announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

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In related news, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.11, for a total value of $144,440.00. Following the sale, the director now owns 8,000 shares in the company, valued at $288,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the completion of the sale, the director now owns 36,828 shares in the company, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $852,580 in the last 90 days. 7.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in D.R. Horton by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock worth $503,000 after acquiring an additional 37 shares during the period. First Allied Advisory Services Inc. raised its position in D.R. Horton by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock worth $355,000 after acquiring an additional 42 shares during the period. Shufro Rose & Co. LLC raised its position in D.R. Horton by 0.6% in the second quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock worth $396,000 after acquiring an additional 67 shares during the period. Ameritas Investment Partners Inc. raised its position in D.R. Horton by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock worth $283,000 after acquiring an additional 111 shares during the period. Finally, CIBC Asset Management Inc raised its position in D.R. Horton by 0.3% in the second quarter. CIBC Asset Management Inc now owns 37,970 shares of the construction company’s stock worth $1,313,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 81.97% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

Analyst Recommendations for D.R. Horton (NYSE:DHI)

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