D.R. Horton, Inc. (NYSE:DHI - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $125.84 and last traded at $127.77, with a volume of 4368229 shares trading hands. The stock had previously closed at $130.60.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. JMP Securities reaffirmed a "market outperform" rating and set a $210.00 price objective on shares of D.R. Horton in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. UBS Group lowered their target price on D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group decreased their price objective on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $170.93.
Check Out Our Latest Analysis on DHI
D.R. Horton Trading Down 2.4 %
The business has a fifty day moving average price of $140.41 and a 200 day moving average price of $165.23. The company has a market capitalization of $39.94 billion, a PE ratio of 8.96, a P/E/G ratio of 0.55 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.
D.R. Horton (NYSE:DHI - Get Free Report) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company's revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.82 EPS. Analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.
D.R. Horton Announces Dividend
The business also recently announced 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 of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton's payout ratio is currently 11.31%.
Insider Activity at D.R. Horton
In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm's 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.
Institutional Investors Weigh In On D.R. Horton
Hedge funds have recently bought and sold shares of the business. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Rakuten Securities Inc. grew its position in shares of D.R. Horton by 216.7% in the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after acquiring an additional 117 shares in the last quarter. Nemes Rush Group LLC grew its position in shares of D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of D.R. Horton in the 4th quarter worth approximately $30,000. Finally, FSA Wealth Management LLC acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 90.63% of the company's stock.
D.R. Horton Company Profile
(
Get Free Report)
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.
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