D. R. Horton (NYSE:DHI) was downgraded by equities research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other brokerages have also recently commented on DHI. Citigroup upped their target price on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Bank of America upped their target price on D. R. Horton from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 6th. BidaskClub raised D. R. Horton from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $51.00 price target on shares of D. R. Horton in a research note on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.06.

Shares of D. R. Horton (NYSE DHI) opened at $50.47 on Tuesday. D. R. Horton has a twelve month low of $27.21 and a twelve month high of $51.53. The firm has a market capitalization of $19,048.17, a PE ratio of 18.60, a PEG ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 6.93.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. research analysts anticipate that D. R. Horton will post 3.22 EPS for the current year.

In related news, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total value of $333,540.00. Following the completion of the sale, the director now directly owns 24,880 shares of the company’s stock, valued at $922,052.80. The disclosure for this sale can be found here. Insiders have sold 47,677 shares of company stock worth $2,118,433 over the last ninety days. 7.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in D. R. Horton in the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC grew its stake in D. R. Horton by 179.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock valued at $124,000 after purchasing an additional 2,306 shares during the period. Evercore Wealth Management LLC grew its stake in D. R. Horton by 5.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 3,700 shares of the construction company’s stock valued at $128,000 after purchasing an additional 200 shares during the period. Advisory Services Network LLC grew its stake in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares during the period. Finally, Paradigm Asset Management Co. LLC grew its stake in D. R. Horton by 4.5% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 4,600 shares of the construction company’s stock valued at $159,000 after purchasing an additional 200 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

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About D. R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

The Fly

Analyst Recommendations for D. R. Horton (NYSE:DHI)

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