Short Interest in D.R. Horton, Inc. (NYSE:DHI) Increases By 6.8%

D.R. Horton, Inc. (NYSE:DHI) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,330,000 shares, a growth of 6.8% from the March 31st total of 4,990,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.8% of the shares of the stock are short sold.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. Insiders sold 25,812 shares of company stock valued at $4,029,217 in the last 90 days. Insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors have recently bought and sold shares of DHI. Rise Advisors LLC purchased a new position in D.R. Horton during the first quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in D.R. Horton during the first quarter valued at approximately $30,000. BluePath Capital Management LLC purchased a new position in D.R. Horton during the third quarter valued at approximately $33,000. Oakworth Capital Inc. purchased a new position in D.R. Horton during the fourth quarter valued at approximately $38,000. Finally, First Pacific Financial purchased a new position in D.R. Horton during the third quarter valued at approximately $41,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Stock Performance

Shares of NYSE:DHI opened at $142.48 on Thursday. The firm has a market cap of $46.92 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. The firm’s 50 day simple moving average is $152.04 and its 200-day simple moving average is $141.14. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $2.73 earnings per share. As a group, equities analysts predict that D.R. Horton will post 14.31 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is presently 8.17%.

Analysts Set New Price Targets

A number of research analysts recently commented on DHI shares. Raymond James increased their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group increased their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 19th. JMP Securities increased their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Wedbush reaffirmed an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Finally, BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.06.

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.