D.R. Horton (NYSE:DHI) Reaches New 1-Year Low - Should You Sell?

D.R. Horton, Inc. (NYSE:DHI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $125.84 and last traded at $127.77, with a volume of 4368229 shares changing hands. The stock had previously closed at $130.60.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DHI. JPMorgan Chase & Co. cut shares of D.R. Horton from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Barclays lowered their target price on shares of D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Citigroup lowered their target price on shares of D.R. Horton from $185.00 to $152.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Raymond James cut shares of D.R. Horton from an "outperform" rating to a "market perform" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $170.93.

D.R. Horton Stock Performance

The company has a market cap of $41.16 billion, a PE ratio of 9.23, a P/E/G ratio of 0.58 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. The stock's 50-day simple moving average is $141.56 and its 200 day simple moving average is $166.00.

D.R. Horton (NYSE:DHI - Get Free Report) last announced its quarterly 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. The business had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business's revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 EPS. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.22%. D.R. Horton's dividend payout ratio is presently 11.31%.

Insider Activity at D.R. Horton

In related 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 value of $921,515.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently added to or reduced their stakes in the business. Coastline Trust Co acquired a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton during the 4th quarter worth about $30,000. Rakuten Securities Inc. boosted its stake in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company's stock worth $33,000 after purchasing an additional 117 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company's stock worth $38,000 after purchasing an additional 165 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Company Profile

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.