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

D.R. Horton, Inc. (NYSE:DHI)’s share price reached a new 52-week low 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 Upgrades and Downgrades

A number of research firms have issued reports on DHI. Royal Bank Of Canada decreased their price target on shares of D.R. Horton from $125.00 to $119.00 and set an “underperform” rating for the company in a report on Thursday. Barclays dropped their price objective on D.R. Horton from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Evercore set a $166.00 price objective on D.R. Horton in a research report on Friday, September 25th. The Goldman Sachs Group restated a “buy” rating and set a $182.00 target price on shares of D.R. Horton in a research note on Monday. Finally, Citigroup decreased their target price on D.R. Horton from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $156.71.

D.R. Horton Trading Up 4.3%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The company’s 50 day moving average is $141.80 and its 200 day moving average is $146.47. The stock has a market capitalization of $38.99 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.08 and a beta of 1.35.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $3.36 EPS. On average, research analysts forecast that D.R. Horton, Inc. will post 10.43 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, August 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 6th. D.R. Horton’s payout ratio is currently 17.13%.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $4,067,842,000. Bank of America Corp DE bought a new stake in D.R. Horton in the 2nd quarter valued at $477,358,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 buying an additional 122,434 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of D.R. Horton by 0.7% during the 1st 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 period. Finally, Principal Financial Group Inc. boosted its position in shares of D.R. Horton by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,155,581 shares of the construction company’s stock valued at $295,789,000 after acquiring an additional 48,723 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.