D.R. Horton (NYSE:DHI) Sets New 1-Year Low - Here's What Happened

D.R. Horton, Inc. (NYSE:DHI - Get Free Report)'s stock price hit a new 52-week low on Thursday . The stock traded as low as $121.10 and last traded at $121.59, with a volume of 1172935 shares. The stock had previously closed at $127.97.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research reports. Bank of America cut shares of D.R. Horton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $160.00 to $150.00 in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective on D.R. Horton from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. The Goldman Sachs Group lowered their target price on D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. UBS Group lowered their price objective on 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. Finally, JMP Securities reissued a "market outperform" rating and issued a $210.00 target price on shares of D.R. Horton in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, D.R. Horton has a consensus rating of "Hold" and a consensus price target of $169.14.

D.R. Horton Stock Performance

The business's fifty day moving average is $130.49 and its two-hundred day moving average is $151.90. The stock has a market capitalization of $36.28 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

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D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.24. The business had revenue of $7.61 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company 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 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton's payout ratio is 11.31%.

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in D.R. Horton by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company's stock worth $1,009,077,000 after purchasing an additional 127,606 shares during the period. Norges Bank bought a new position in shares of D.R. Horton during the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. raised its holdings in shares of D.R. Horton by 71.5% in the fourth quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company's stock worth $499,774,000 after buying an additional 1,490,648 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of D.R. Horton by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,475,995 shares of the construction company's stock worth $485,984,000 after acquiring an additional 72,161 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in D.R. Horton by 15.8% during the 4th quarter. Northern Trust Corp now owns 3,375,050 shares of the construction company's stock valued at $471,899,000 after acquiring an additional 460,804 shares during the period. Hedge funds and other institutional investors own 90.63% of the company's stock.

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.