D.R. Horton Downgraded by Keefe, Bruyette & Woods to Market Perform (DHI)
D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $25.00 price target on the stock, up from their previous price target of $23.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 8.70% from the stock’s previous close.
DHI has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of D.R. Horton from $24.00 to $25.00 in a research note to investors on Monday. Separately, analysts at KeyCorp downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 24th. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of D.R. Horton in a research note to investors on Wednesday, January 15th. They now have a $23.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $26.47.
Shares of D.R. Horton (NYSE:DHI) traded up 0.54% on Wednesday, hitting $23.125. 11,186,158 shares of the company’s stock traded hands. D.R. Horton has a 52 week low of $17.52 and a 52 week high of $27.75. The stock has a 50-day moving average of $21.06 and a 200-day moving average of $19.73. The company has a market cap of $7.468 billion and a price-to-earnings ratio of 17.24. D.R. Horton also was the target of unusually large options trading activity on Tuesday. Traders acquired 22,781 call options on the company. This is an increase of 325% compared to the typical daily volume of 5,358 call options.
D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 28th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts expect that D.R. Horton will post $1.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 18th. Investors of record on Friday, February 7th will be given a dividend of 0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.65%.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 26 states and 77 metropolitan markets of the United States, primarily under the name of D.
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