D.R. Horton (NYSE:DHI) SVP Aron Odom Sells 260 Shares

D.R. Horton, Inc. (NYSE:DHI) SVP Aron Odom sold 260 shares of D.R. Horton stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $166.16 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98. The company has a market cap of $48.14 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.44. The stock’s 50-day moving average is $153.13 and its two-hundred day moving average is $157.39. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 5th. D.R. Horton’s payout ratio is 16.35%.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in D.R. Horton by 23.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,229 shares of the construction company’s stock worth $538,000 after acquiring an additional 803 shares during the period. Geneos Wealth Management Inc. grew its position in D.R. Horton by 295.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 609 shares of the construction company’s stock valued at $77,000 after buying an additional 455 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in D.R. Horton in the 2nd quarter valued at $302,000. MGO One Seven LLC lifted its stake in shares of D.R. Horton by 39.5% in the 2nd quarter. MGO One Seven LLC now owns 2,433 shares of the construction company’s stock worth $314,000 after acquiring an additional 689 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of D.R. Horton by 4.8% in the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $155.00 price target (down from $180.00) on shares of D.R. Horton in a report on Tuesday, January 6th. UBS Group set a $163.00 price target on D.R. Horton in a report on Tuesday, January 27th. Citigroup cut their price objective on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Argus upped their target price on shares of D.R. Horton from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research lowered shares of D.R. Horton from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.