D.R. Horton (NYSE:DHI) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reissued their market outperform rating on shares of D.R. Horton (NYSE:DHI) in a research report report published on Wednesday morning,Benzinga reports. JMP Securities currently has a $210.00 price objective on the construction company’s stock.

A number of other research firms have also recently commented on DHI. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. 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 research report on Wednesday, October 30th. JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Wells Fargo & Company lowered their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, UBS Group cut their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $174.53.

D.R. Horton Trading Up 2.3 %

Shares of NYSE DHI opened at $147.01 on Wednesday. The business has a fifty day moving average price of $151.09 and a 200 day moving average price of $169.16. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The stock has a market capitalization of $47.17 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7,120,170 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post 13.97 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is presently 11.14%.

Insider Buying and Selling

In related news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mountaineer Partners Management LLC purchased a new stake in shares of D.R. Horton during the third quarter worth about $1,853,178,000. FMR LLC grew its holdings in shares of D.R. Horton by 44.7% during the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Geode Capital Management LLC raised its position in shares of D.R. Horton by 0.3% in the third quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock valued at $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Smead Capital Management Inc. raised its holdings in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after acquiring an additional 84,835 shares during the last quarter. Finally, Earnest Partners LLC lifted its stake in D.R. Horton by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 2,064,149 shares of the construction company’s stock worth $290,901,000 after purchasing an additional 9,137 shares in the last quarter. 90.63% 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, 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.