StockNews.com Downgrades D.R. Horton (NYSE:DHI) to Sell

D.R. Horton (NYSE:DHI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the company. Bank of America decreased their price target on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 Wells Fargo & Company lowered their target price on shares of D.R. Horton from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Citigroup cut their price target on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wedbush reiterated a “neutral” rating and set a $180.00 price objective on shares of D.R. Horton in a research note on Friday, January 17th. Finally, BTIG Research cut their target price on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and an average price target of $151.15.

D.R. Horton Stock Down 0.1 %

NYSE:DHI opened at $124.85 on Tuesday. The company’s 50-day simple moving average is $126.07 and its 200-day simple moving average is $145.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The stock has a market capitalization of $39.34 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.54 and a beta of 1.61.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.11). D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $3.52 earnings per share. On average, equities analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently made changes to their positions in DHI. Geode Capital Management LLC grew its position in D.R. Horton by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after buying an additional 127,606 shares during the period. Norges Bank acquired a new stake in shares of D.R. Horton during the 4th quarter valued at about $593,363,000. Franklin Resources Inc. increased its stake in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock valued at $499,774,000 after purchasing an additional 1,490,648 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of D.R. Horton by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company’s stock valued at $485,984,000 after purchasing an additional 72,161 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in D.R. Horton by 15.8% in the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company’s stock worth $471,899,000 after purchasing an additional 460,804 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.