D.R. Horton’s (DHI) Neutral Rating Reiterated at Seaport Research Partners

D.R. Horton (NYSE:DHI)‘s stock had its “neutral” rating restated by equities researchers at Seaport Research Partners in a note issued to investors on Tuesday,Benzinga reports.

Other equities analysts have also recently issued research reports about the company. Citigroup lowered their price target on D.R. Horton from $163.00 to $154.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Zacks Research raised D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Evercore boosted their price target on D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. Bank of America set a $158.00 price target on D.R. Horton in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $159.93.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $141.65 on Tuesday. The stock has a market capitalization of $41.04 billion, a PE ratio of 12.87, a P/E/G ratio of 2.17 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The business has a fifty day moving average price of $149.98 and a two-hundred day moving average price of $152.28. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.05. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.61 EPS. As a group, equities analysts predict that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the sale, the senior vice president owned 6,457 shares in the company, valued at $1,081,870.35. The trade was a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently bought and sold shares of DHI. Winnow Wealth LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $960,000. Nordea Investment Management AB grew its position in shares of D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after buying an additional 363,573 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of D.R. Horton in the 3rd quarter valued at about $946,000. Berkshire Hathaway Inc bought a new stake in shares of D.R. Horton in the 2nd quarter valued at about $191,491,000. Finally, Mediolanum International Funds Ltd grew its position in shares of D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company’s stock valued at $25,670,000 after buying an additional 74,266 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.