D.R. Horton (NYSE:DHI) Sets New 52-Week Low – What’s Next?

D.R. Horton, Inc. (NYSE:DHI) reached a new 52-week low on Wednesday . The stock traded as low as $124.23 and last traded at $127.47, with a volume of 387614 shares changing hands. The stock had previously closed at $129.81.

Analysts Set New Price Targets

Several brokerages recently commented on DHI. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Evercore ISI lowered their price target on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Trading Down 2.9 %

The business’s 50-day simple moving average is $140.41 and its two-hundred day simple moving average is $165.23. 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 market capitalization of $39.73 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.55 and a beta of 1.76.

D.R. Horton (NYSE:DHI) last announced its earnings results 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 company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s payout ratio is 11.31%.

Insider Activity at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC boosted its holdings in D.R. Horton by 44.7% in the third quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the period. Geode Capital Management LLC grew its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock worth $1,009,077,000 after purchasing an additional 127,606 shares in the last quarter. Norges Bank purchased a new stake in D.R. Horton during the 4th quarter worth about $593,363,000. Finally, Franklin Resources Inc. boosted 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 buying an additional 1,490,648 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.