D.R. Horton (NYSE:DHI) Hits New 52-Week Low - What's Next?

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $124.23 and last traded at $127.47, with a volume of 387614 shares changing hands. The stock had previously closed at $129.81.

Analyst Upgrades and Downgrades

DHI has been the topic of several analyst reports. Wedbush restated a "neutral" rating and issued a $180.00 price objective on shares of D.R. Horton in a report on Friday, January 17th. The Goldman Sachs Group lowered their target price 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. UBS Group lowered their target price on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. 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 research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods downgraded shares of 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 research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $170.93.

D.R. Horton Price Performance

The company's 50-day moving average price is $139.42 and its 200-day moving average price is $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. The company has a market cap of $39.68 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.54 and a beta of 1.76.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share 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 firm's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. TCI Wealth Advisors Inc. grew its position in D.R. Horton by 4.1% in the third quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company's stock valued at $284,000 after purchasing an additional 58 shares in the last quarter. Covestor Ltd lifted its stake in D.R. Horton by 6.6% in the third quarter. Covestor Ltd now owns 1,064 shares of the construction company's stock valued at $203,000 after acquiring an additional 66 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in D.R. Horton by 1.9% in the third quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock valued at $695,000 after acquiring an additional 67 shares during the last quarter. Demars Financial Group LLC lifted its stake in D.R. Horton by 3.5% in the third quarter. Demars Financial Group LLC now owns 2,197 shares of the construction company's stock valued at $419,000 after acquiring an additional 74 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock valued at $1,454,000 after acquiring an additional 78 shares during the last quarter. 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.