D.R. Horton (NYSE:DHI) Downgraded by Citigroup to “Neutral”

Citigroup cut shares of D.R. Horton (NYSE:DHI) from a buy rating to a neutral rating in a report published on Tuesday morning, MarketBeat reports. Citigroup currently has $156.00 price target on the construction company’s stock, down from their prior price target of $181.00.

Other equities analysts have also recently issued research reports about the company. UBS Group increased their target price on D.R. Horton from $192.00 to $200.00 and gave the stock a buy rating in a report on Friday, April 19th. Royal Bank of Canada decreased their price objective on D.R. Horton from $142.00 to $141.00 and set an underperform rating for the company in a report on Friday, April 19th. Keefe, Bruyette & Woods boosted their target price on D.R. Horton from $172.00 to $178.00 and gave the company an outperform rating in a research note on Tuesday, May 7th. StockNews.com cut shares of D.R. Horton from a buy rating to a hold rating in a research note on Thursday, May 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a hold rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, D.R. Horton has a consensus rating of Hold and an average target price of $156.75.

D.R. Horton Stock Performance

Shares of D.R. Horton stock opened at $135.19 on Tuesday. The stock’s fifty day simple moving average is $144.98 and its 200 day simple moving average is $148.51. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $44.52 billion, a PE ratio of 9.20, a PEG ratio of 0.70 and a beta of 1.71. D.R. Horton has a 12 month low of $100.08 and a 12 month high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the firm posted $2.73 earnings per share. D.R. Horton’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts predict that D.R. Horton will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, May 2nd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s payout ratio is presently 8.17%.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the transaction, the director now directly owns 1,703 shares of the company’s stock, valued at $256,642.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the transaction, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The disclosure for this sale can be found here. 1.74% of the stock is owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors and hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA boosted its holdings in D.R. Horton by 787.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 83,347 shares of the construction company’s stock valued at $8,957,000 after purchasing an additional 73,959 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of D.R. Horton by 1.8% during the third quarter. Advisors Asset Management Inc. now owns 22,562 shares of the construction company’s stock worth $2,425,000 after purchasing an additional 405 shares during the period. Ameriprise Financial Inc. raised its position in shares of D.R. Horton by 5.6% in the third quarter. Ameriprise Financial Inc. now owns 1,287,835 shares of the construction company’s stock valued at $138,407,000 after buying an additional 68,008 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of D.R. Horton by 62.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 502,675 shares of the construction company’s stock valued at $54,022,000 after buying an additional 193,400 shares during the period. Finally, Evergreen Capital Management LLC grew its position in D.R. Horton by 53.7% during the third quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company’s stock worth $1,074,000 after buying an additional 3,489 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.