D.R. Horton (NYSE:DHI) Reaches New 12-Month Low – Here’s Why

D.R. Horton, Inc. (NYSE:DHI) reached a new 52-week low during trading on Thursday . The company traded as low as $125.84 and last traded at $127.77, with a volume of 4368229 shares traded. The stock had previously closed at $130.60.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Barclays reduced their target price on shares of D.R. Horton from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Wedbush reissued a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, D.R. Horton has a consensus rating of “Hold” and an average target price of $170.93.

D.R. Horton Stock Down 2.2 %

The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $143.40 and a two-hundred day moving average of $166.97. The stock has a market capitalization of $40.26 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.24. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insiders Place Their Bets

In other news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Golden State Equity Partners increased its stake in D.R. Horton by 435.6% during the fourth quarter. Golden State Equity Partners now owns 3,899 shares of the construction company’s stock valued at $545,000 after acquiring an additional 3,171 shares during the period. KBC Group NV grew its stake in D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after buying an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in D.R. Horton during the 3rd quarter valued at $4,220,000. Toronto Dominion Bank lifted its position in D.R. Horton by 17.3% during the 3rd quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares in the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of D.R. Horton by 70.2% in the fourth quarter. Pensionfund Sabic now owns 9,700 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 4,000 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

About D.R. Horton

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.