D.R. Horton (NYSE:DHI) Stock Moved Down to “Strong Sell” by Zacks Research

D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Several other research analysts also recently commented on the stock. Raymond James Financial downgraded shares of D.R. Horton from a “market perform” rating to an “underperform” rating in a research note on Tuesday, November 3rd. Keefe, Bruyette & Woods cut their price objective on shares of D.R. Horton from $160.00 to $152.00 in a research note on Thursday, October 22nd. Truist Financial reduced their target price on shares of D.R. Horton from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, September 16th. Barclays decreased their target price on shares of D.R. Horton from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. Finally, Bank of America decreased their price objective on D.R. Horton from $150.00 to $145.00 in a report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $151.33.

D.R. Horton Stock Performance

Shares of DHI stock opened at $147.23 on Tuesday. The stock has a market capitalization of $41.18 billion, a P/E ratio of 14.52, a PEG ratio of 1.75 and a beta of 1.35. The company has a current ratio of 6.01, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $141.58 and its 200 day moving average is $147.51. D.R. Horton has a 12 month low of $130.40 and a 12 month high of $170.79.

D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, October 29th. The construction company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.34). The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.07 billion. D.R. Horton had a return on equity of 11.93% and a net margin of 8.74%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. On average, sell-side analysts anticipate that D.R. Horton will post 10.48 earnings per share for the current year.

Hedge Funds Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its position in D.R. Horton by 27.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 330 shares of the construction company’s stock valued at $48,000 after acquiring an additional 72 shares in the last quarter. William Allan Corp raised its position in shares of D.R. Horton by 0.3% in the 3rd quarter. William Allan Corp now owns 27,548 shares of the construction company’s stock worth $3,764,000 after acquiring an additional 77 shares in the last quarter. Rothschild Investment LLC raised its position in shares of D.R. Horton by 1.4% in the 3rd quarter. Rothschild Investment LLC now owns 5,798 shares of the construction company’s stock worth $792,000 after acquiring an additional 80 shares in the last quarter. GC Wealth Management RIA LLC lifted its stake in shares of D.R. Horton by 0.7% in the 1st quarter. GC Wealth Management RIA LLC now owns 11,448 shares of the construction company’s stock valued at $1,571,000 after purchasing an additional 81 shares during the period. Finally, Werba Rubin Papier Wealth Management lifted its stake in shares of D.R. Horton by 5.2% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 1,774 shares of the construction company’s stock valued at $242,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc. is a U.S. homebuilder founded in 1978 by Donald R. Horton. Headquartered in Arlington, Texas, the company builds and sells homes in markets across the United States. Its homebuilding business offers single-family homes and townhomes for buyers with a range of needs and budgets. D.R. Horton markets homes under brands including D.R. Horton, Express, Emerald and Freedom, which serves active-adult buyers. The company also provides mortgage financing and title services to homebuyers through its financial-services operations, and has a home-rental business.