D.R. Horton (NYSE:DHI) Reaches New 1-Year Low Following Analyst Downgrade

Shares of D.R. Horton, Inc. (NYSE:DHI - Get Free Report) reached a new 52-week low on Wednesday after Barclays lowered their price target on the stock from $145.00 to $120.00. Barclays currently has an equal weight rating on the stock. D.R. Horton traded as low as $113.78 and last traded at $115.13, with a volume of 5444901 shares. The stock had previously closed at $120.81.

DHI has been the topic of a number of other reports. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and dropped their price target for the company from $160.00 to $150.00 in a research note on Monday, January 27th. Seaport Res Ptn upgraded D.R. Horton from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. StockNews.com upgraded D.R. Horton from a "sell" rating to a "hold" rating in a research report on Saturday, January 25th. JPMorgan Chase & Co. cut D.R. Horton from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating and set a $125.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $169.14.

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Institutional Trading of D.R. Horton

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in D.R. Horton during the fourth quarter valued at about $593,363,000. Franklin Resources Inc. raised its holdings in shares of D.R. Horton by 71.5% during 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 in the last quarter. GAMMA Investing LLC lifted its position in D.R. Horton by 19,102.6% in the 1st quarter. GAMMA Investing LLC now owns 916,734 shares of the construction company's stock worth $116,544,000 after buying an additional 911,960 shares during the last quarter. Two Sigma Investments LP boosted its stake in D.R. Horton by 1,838.0% in the fourth quarter. Two Sigma Investments LP now owns 877,644 shares of the construction company's stock worth $122,712,000 after buying an additional 832,358 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in D.R. Horton during the fourth quarter valued at approximately $98,720,000. 90.63% of the stock is owned by institutional investors.

D.R. Horton Price Performance

The stock has a market capitalization of $37.73 billion, a PE ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The firm's 50 day simple moving average is $127.68 and its 200 day simple moving average is $149.14.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The company had revenue of $7.61 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.34%. D.R. Horton's payout ratio is 11.31%.

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.