Michael Murray Sells 120 Shares of D.R. Horton (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) COO Michael Murray sold 120 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $148.97, for a total value of $17,876.40. Following the transaction, the chief operating officer directly owned 122,495 shares of the company’s stock, valued at $18,248,080.15. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

D.R. Horton Price Performance

Shares of NYSE:DHI traded down $2.82 during trading on Tuesday, reaching $164.96. The stock had a trading volume of 1,007,192 shares, compared to its average volume of 3,550,805. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The stock has a market cap of $47.79 billion, a PE ratio of 14.98, a PEG ratio of 2.59 and a beta of 1.44. The business has a fifty day moving average price of $152.79 and a 200-day moving average price of $157.28.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.98 by $0.05. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the prior year, the company earned $2.61 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s dividend payout ratio is presently 16.35%.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors boosted its stake in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after buying an additional 6,695,592 shares during the period. State Street Corp lifted its holdings in shares of D.R. Horton by 0.7% in the 2nd quarter. State Street Corp now owns 12,636,264 shares of the construction company’s stock worth $1,629,067,000 after acquiring an additional 92,219 shares during the last quarter. Capital Research Global Investors boosted its position in shares of D.R. Horton by 0.3% during the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after purchasing an additional 13,155 shares during the period. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter valued at approximately $649,305,000. Finally, Morgan Stanley raised its position in D.R. Horton by 1.9% in the fourth quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after purchasing an additional 67,578 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DHI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. UBS Group set a $163.00 target price on D.R. Horton in a research note on Tuesday, January 27th. Argus boosted their price target on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research report on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $160.29.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.