D.R. Horton (NYSE:DHI) Hits New 52-Week Low After Analyst Downgrade

D.R. Horton, Inc. (NYSE:DHI)’s share price reached a new 52-week low on Wednesday after Barclays lowered their price target on the stock from $145.00 to $120.00. Barclays currently has an equal weight rating on the stock. D.R. Horton traded as low as $113.78 and last traded at $115.13, with a volume of 5444901 shares trading hands. The stock had previously closed at $120.81.

A number of other equities research analysts have also weighed in on the company. UBS Group decreased their target price on D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $188.00 to $156.00 in a report on Friday, December 13th. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Saturday, January 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $169.14.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently bought and sold shares of DHI. Geode Capital Management LLC lifted its stake in D.R. Horton by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock valued at $1,009,077,000 after acquiring an additional 127,606 shares during the period. Norges Bank purchased a new stake in shares of D.R. Horton in the fourth quarter valued at approximately $593,363,000. Franklin Resources Inc. raised its stake in shares of D.R. Horton by 71.5% during the 4th 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 position 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 valued at $485,984,000 after buying an additional 72,161 shares in the last quarter. Finally, Northern Trust Corp grew its stake in D.R. Horton by 15.8% in 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.

D.R. Horton Stock Performance

The company has a current ratio of 6.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $129.38 and its 200 day moving average is $151.10. The company has a market cap 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.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 21st. The construction company reported $2.61 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 analysts’ expectations of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 earnings per share. As a group, research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a $0.40 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. D.R. Horton’s payout ratio is 11.31%.

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.