D. R. Horton Inc (NYSE:DHI) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $33.70 and last traded at $35.53, with a volume of 344979 shares trading hands. The stock had previously closed at $37.59.
DHI has been the topic of a number of analyst reports. Bank of America set a $65.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Thursday, October 11th. ValuEngine downgraded shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of D. R. Horton in a research report on Friday, September 14th. Barclays set a $51.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, September 14th. Finally, JMP Securities set a $47.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.79.
The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $14.15 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.83 and a beta of 1.26.
D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. As a group, equities research analysts forecast that D. R. Horton Inc will post 4.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.15 per share. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is 12.22%.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the sale, the director now directly owns 11,000 shares in the company, valued at approximately $495,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Strs Ohio grew its stake in shares of D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock worth $2,892,000 after acquiring an additional 27,373 shares in the last quarter. Raymond James & Associates grew its stake in shares of D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock worth $10,385,000 after acquiring an additional 21,259 shares in the last quarter. Marco Investment Management LLC grew its stake in shares of D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $677,000 after acquiring an additional 1,900 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of D. R. Horton during the 2nd quarter worth approximately $21,851,000. Finally, Banco de Sabadell S.A grew its stake in shares of D. R. Horton by 2.0% during the 2nd quarter. Banco de Sabadell S.A now owns 159,535 shares of the construction company’s stock worth $6,498,000 after acquiring an additional 3,138 shares in the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.
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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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