D.R. Horton Rating Lowered to Neutral at MKM Partners (DHI)
D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $24.00 price target on the stock, down from their previous price target of $27.00. MKM Partners’ target price would indicate a potential upside of 11.06% from the company’s current price.
A number of other firms have also recently commented on DHI. Analysts at JMP Securities downgraded shares of D.R. Horton from a “market outperform” rating to a “market perform” rating in a research note on Thursday, July 10th. Separately, analysts at Barclays raised their price target on shares of D.R. Horton from $28.00 to $34.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital upgraded shares of D.R. Horton from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $27.00 price target on the stock, up previously from $26.00. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.00.
D.R. Horton (NYSE:DHI) opened at 21.61 on Friday. D.R. Horton has a 1-year low of $17.52 and a 1-year high of $25.23. The stock’s 50-day moving average is $23.97 and its 200-day moving average is $22.9. The company has a market cap of $7.029 billion and a P/E ratio of 14.16.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.17. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, analysts predict that D.R. Horton will post $1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Investors of record on Friday, August 8th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 6th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.04.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 27 states and 78 metropolitan markets of the United States, primarily under the name of D.
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