D.R. Horton (NYSE:DHI) Hits New 12-Month Low – Time to Sell?

D.R. Horton, Inc. (NYSE:DHI) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $130.60 and last traded at $130.98, with a volume of 1111106 shares changing hands. The stock had previously closed at $135.77.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DHI. BTIG Research cut their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. Evercore ISI cut their price objective on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. Finally, UBS Group reduced their price objective on 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.93.

D.R. Horton Stock Performance

The company’s 50 day simple moving average is $145.66 and its 200 day simple moving average is $168.02. The stock has a market cap of $40.83 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.60 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data 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 company had revenue of $7.61 billion for 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%. D.R. Horton’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. Analysts expect that D.R. Horton, Inc. will post 13.05 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 11.31%.

Insider Activity

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of large investors have recently made changes to their positions in the stock. Mountaineer Partners Management LLC purchased a new position in D.R. Horton in the 3rd quarter valued at about $1,853,178,000. FMR LLC lifted its holdings in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after purchasing an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC raised its position in D.R. Horton by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 7,107,912 shares of the construction company’s stock worth $1,351,435,000 after buying an additional 21,073 shares during the last quarter. Smead Capital Management Inc. increased its stake in D.R. Horton by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 2,516,673 shares of the construction company’s stock valued at $480,106,000 after purchasing an additional 84,835 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of D.R. Horton by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,858,514 shares of the construction company’s stock worth $259,857,000 after purchasing an additional 47,678 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 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.