D.R. Horton (NYSE:DHI) Hits New 1-Year Low – Here’s Why

D.R. Horton, Inc. (NYSE:DHI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $124.23 and last traded at $127.47, with a volume of 387614 shares traded. The stock had previously closed at $129.81.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DHI shares. Bank of America downgraded D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $150.00 in a report on Monday, January 27th. BTIG Research lowered their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Royal Bank of Canada restated an “underperform” rating and issued a $125.00 price objective on shares of D.R. Horton in a research note on Wednesday, January 22nd. Finally, Evercore ISI cut their target price on 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Stock Down 2.9 %

The company has a market capitalization of $39.73 billion, a PE ratio of 8.91, a P/E/G ratio of 0.55 and a beta of 1.76. The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $140.41 and a two-hundred day simple moving average of $165.23.

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

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.27%. D.R. Horton’s dividend payout ratio is currently 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 that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of D.R. Horton

A number of institutional investors have recently modified their holdings of the business. Investment Management Corp VA ADV acquired a new stake in D.R. Horton in the fourth quarter valued at $264,000. Sunbelt Securities Inc. lifted its stake in shares of D.R. Horton by 110.8% in the fourth quarter. Sunbelt Securities Inc. now owns 6,885 shares of the construction company’s stock valued at $961,000 after purchasing an additional 3,619 shares during the period. Vise Technologies Inc. boosted its holdings in D.R. Horton by 189.1% during the fourth quarter. Vise Technologies Inc. now owns 5,829 shares of the construction company’s stock worth $815,000 after buying an additional 3,813 shares in the last quarter. Blue Fin Capital Inc. grew its position in D.R. Horton by 1.1% during the fourth quarter. Blue Fin Capital Inc. now owns 14,760 shares of the construction company’s stock worth $2,064,000 after buying an additional 164 shares during the period. Finally, Continuum Advisory LLC increased its holdings in D.R. Horton by 25.8% in the fourth quarter. Continuum Advisory LLC now owns 487 shares of the construction company’s stock valued at $68,000 after buying an additional 100 shares in the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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.