D.R. Horton (NYSE:DHI) Reaches New 12-Month Low – Here’s What Happened

D.R. Horton, Inc. (NYSE:DHI) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $130.40 and last traded at $130.89, with a volume of 500,875 shares traded. The stock had previously closed at $135.45.

Analyst Ratings Changes

Several research firms have recently commented on DHI. Weiss Ratings lowered shares of D.R. Horton from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Evercore set a $166.00 price target on D.R. Horton in a research note on Friday, September 25th. Zelman & Associates raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. BTIG Research reaffirmed a “buy” rating and issued a $174.00 price objective on shares of D.R. Horton in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada reissued a “mixed” rating on shares of D.R. Horton in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.79.

D.R. Horton Price Performance

The stock has a market capitalization of $36.93 billion, a PE ratio of 12.55, a PEG ratio of 2.08 and a beta of 1.35. The company has a quick ratio of 1.04, a current ratio of 6.43 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $142.30 and a 200 day moving average of $146.45.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.18. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the prior year, the business earned $3.36 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 10.44 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. D.R. Horton’s dividend payout ratio is currently 17.13%.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of D.R. Horton during the second quarter worth about $4,067,842,000. Bank of America Corp DE acquired a new position in D.R. Horton during the second quarter worth $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in D.R. Horton by 4.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,903,786 shares of the construction company’s stock valued at $472,969,000 after acquiring an additional 122,434 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in D.R. Horton by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,081,672 shares of the construction company’s stock worth $422,734,000 after acquiring an additional 21,514 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in D.R. Horton by 2.3% during the first quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock worth $295,789,000 after purchasing an additional 48,723 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is one of the largest homebuilding companies in the United States. Founded in 1978 by Donald R. Horton, the company develops and constructs single-family homes, townhomes and other residential properties for a range of buyers, including first-time, move-up and active-adult households.

The company operates through several homebuilding brands, including D.R. Horton, Express Homes, Emerald Homes and Freedom Homes. Its offerings generally span entry-level and affordable homes, move-up residences, luxury properties and age-qualified communities.