D.R. Horton (NYSE:DHI) Stock Rating Upgraded by Stonex Financia

D.R. Horton (NYSE:DHI) was upgraded by stock analysts at Stonex Financia to a “hold” rating in a research note issued on Thursday, Zacks reports.

DHI has been the subject of several other research reports. Zelman & Associates upgraded D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Morgan Stanley began coverage on D.R. Horton in a research report on Thursday, October 1st. They set an “equal weight” rating and a $151.00 price objective on the stock. Truist Financial reduced their price objective on D.R. Horton from $150.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, September 16th. Wells Fargo & Company decreased their target price on D.R. Horton from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.36.

D.R. Horton Stock Down 0.2%

Shares of DHI traded down $0.35 on Thursday, hitting $139.20. 3,349,658 shares of the stock traded hands, compared to its average volume of 3,245,182. D.R. Horton has a one year low of $130.40 and a one year high of $170.79. The company has a market capitalization of $38.93 billion, a PE ratio of 13.24, a P/E/G ratio of 2.17 and a beta of 1.35. The business has a 50 day simple moving average of $141.57 and a 200 day simple moving average of $146.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The business had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the firm posted $3.36 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities analysts forecast that D.R. Horton will post 10.43 earnings per share for the current fiscal year.

Institutional Trading of D.R. Horton

Several large investors have recently modified their holdings of DHI. Caitlin John LLC purchased a new position in D.R. Horton in the second quarter worth about $25,000. Fiduciary Financial Advisors bought a new stake in shares of D.R. Horton during the 2nd quarter valued at about $25,000. Osbon Capital Management LLC bought a new stake in shares of D.R. Horton during the 4th quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at about $32,000. Finally, Compass Financial Management LLC purchased a new stake in shares of D.R. Horton during the 2nd quarter valued at about $31,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.