D.R. Horton (NYSE:DHI) Reaches New 12-Month Low – What’s Next?

D.R. Horton, Inc. (NYSE:DHI) shares hit a new 52-week low during trading on Wednesday . The company 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

DHI has been the subject of several research analyst reports. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a research report on Friday, January 17th. Royal Bank of Canada reiterated an “underperform” rating and set a $125.00 price target on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $188.00 to $156.00 in a research note on Friday, December 13th. Finally, UBS Group dropped their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $170.93.

D.R. Horton Stock Down 2.1 %

The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.54 and a beta of 1.76. The business has a fifty day simple moving average of $139.42 and a 200 day simple moving average of $164.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $2.82 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in D.R. Horton in the third quarter valued at $26,000. Nemes Rush Group LLC raised its holdings in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $30,000. Rakuten Securities Inc. boosted its stake in D.R. Horton by 216.7% during the third quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after buying an additional 117 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of D.R. Horton by 152.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after acquiring an additional 165 shares during 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.