D.R. Horton, Inc. (NYSE:DHI) Director Sells $53,890.98 in Stock

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the sale, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

D.R. Horton Stock Up 3.5 %

Shares of NYSE DHI traded up $4.96 during mid-day trading on Tuesday, hitting $148.03. The company had a trading volume of 2,337,436 shares, compared to its average volume of 2,584,779. The company has a market capitalization of $49.12 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.70 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The business’s 50-day simple moving average is $151.81 and its 200 day simple moving average is $139.44.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same period last year, the firm earned $2.73 earnings per share. D.R. Horton’s quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that D.R. Horton, Inc. will post 14.25 earnings per share for the current year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America dropped their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday. Barclays lowered their price objective on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group increased their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday. Citigroup upped their price target on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Keefe, Bruyette & Woods decreased their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.06.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Greenhaven Associates Inc. grew its holdings in shares of D.R. Horton by 1.0% during the fourth quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after purchasing an additional 34,366 shares during the last quarter. Norges Bank purchased a new position in shares of D.R. Horton during the fourth quarter worth about $516,530,000. Northern Trust Corp grew its holdings in shares of D.R. Horton by 3.2% during the third quarter. Northern Trust Corp now owns 3,389,414 shares of the construction company’s stock worth $364,260,000 after purchasing an additional 104,453 shares during the last quarter. Morgan Stanley grew its holdings in shares of D.R. Horton by 3.4% during the third quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after purchasing an additional 106,074 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of D.R. Horton by 21.7% during the fourth quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after purchasing an additional 484,058 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

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.