D. R. Horton (DHI) Hits New 52-Week Low at $33.70

D. R. Horton Inc (NYSE:DHI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $33.70 and last traded at $35.53, with a volume of 344979 shares changing hands. The stock had previously closed at $37.59.

Several research firms recently commented on DHI. Barclays reiterated a “buy” rating and set a $41.00 target price on shares of D. R. Horton in a research note on Friday. Mizuho set a $46.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a research note on Monday, August 6th. JMP Securities set a $47.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a research note on Tuesday, October 9th. Wedbush reiterated an “outperform” rating and set a $47.00 target price on shares of D. R. Horton in a research note on Friday, September 14th. Finally, ValuEngine cut shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. D. R. Horton presently has an average rating of “Hold” and a consensus target price of $48.79.

The company has a market cap of $14.15 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that D. R. Horton Inc will post 4.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a $0.15 dividend. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. D. R. Horton’s dividend payout ratio is currently 12.22%.

In other news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at approximately $495,110. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Tyers Asset Management LLC grew its holdings in D. R. Horton by 1.3% during the 2nd quarter. Tyers Asset Management LLC now owns 88,060 shares of the construction company’s stock worth $3,611,000 after acquiring an additional 1,148 shares during the last quarter. Eads & Heald Wealth Management grew its holdings in D. R. Horton by 5.2% during the 2nd quarter. Eads & Heald Wealth Management now owns 25,103 shares of the construction company’s stock worth $1,029,000 after acquiring an additional 1,235 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in D. R. Horton by 1.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 104,804 shares of the construction company’s stock worth $4,296,000 after acquiring an additional 1,331 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in D. R. Horton by 28.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,276 shares of the construction company’s stock worth $257,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in D. R. Horton by 1.3% during the 2nd quarter. Flinton Capital Management LLC now owns 106,930 shares of the construction company’s stock worth $4,385,000 after acquiring an additional 1,394 shares during the last quarter. 84.11% of the stock is currently owned by institutional investors and hedge funds.

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About D. R. Horton (NYSE:DHI)

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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