ValuEngine Lowers D. R. Horton (DHI) to Strong Sell

D. R. Horton (NYSE:DHI) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group set a $45.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Wednesday. Barclays set a $51.00 target price on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, September 14th. Evercore ISI raised D. R. Horton from an “in-line” rating to an “outperform” rating in a research note on Friday, July 27th. JMP Securities cut their target price on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a research note on Friday, July 27th. Finally, Mizuho set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a research note on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $52.60.

DHI stock traded down $0.87 during midday trading on Wednesday, hitting $37.78. 6,704,100 shares of the company’s stock were exchanged, compared to its average volume of 4,454,317. The company has a quick ratio of 1.11, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.02 and a beta of 1.08. D. R. Horton has a 1-year low of $37.28 and a 1-year high of $53.32.

D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.10. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.32 billion. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, sell-side analysts anticipate that D. R. Horton will post 4.14 EPS for the current year.

In other news, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction on Friday, August 24th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.74% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of D. R. Horton by 0.5% in the second quarter. BlackRock Inc. now owns 30,114,048 shares of the construction company’s stock valued at $1,234,675,000 after buying an additional 161,262 shares in the last quarter. Sanders Capital LLC grew its stake in shares of D. R. Horton by 0.7% in the second quarter. Sanders Capital LLC now owns 13,982,216 shares of the construction company’s stock valued at $619,467,000 after buying an additional 91,680 shares in the last quarter. FMR LLC grew its stake in shares of D. R. Horton by 1.8% in the second quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock valued at $524,694,000 after buying an additional 223,953 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of D. R. Horton by 6.8% in the second quarter. Greenhaven Associates Inc. now owns 8,721,921 shares of the construction company’s stock valued at $357,599,000 after buying an additional 557,592 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of D. R. Horton by 1.5% in the second quarter. Northern Trust Corp now owns 4,342,827 shares of the construction company’s stock valued at $178,056,000 after buying an additional 65,580 shares in the last quarter. 83.86% of the stock is owned by institutional investors and hedge funds.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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