D.R. Horton, Inc. (NYSE:DHI) Director Sells 5,650 Shares

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $163.53 on Friday. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $179.77 and its 200 day moving average price is $167.46. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.74.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company earned $4.45 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, research analysts forecast that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th were given a $0.40 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently modified their holdings of DHI. SkyView Investment Advisors LLC lifted its stake in shares of D.R. Horton by 3.8% during the third quarter. SkyView Investment Advisors LLC now owns 5,463 shares of the construction company’s stock valued at $1,042,000 after buying an additional 198 shares during the period. Morse Asset Management Inc raised its holdings in D.R. Horton by 11.5% in the 3rd quarter. Morse Asset Management Inc now owns 17,763 shares of the construction company’s stock valued at $3,389,000 after acquiring an additional 1,835 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of D.R. Horton during the 3rd quarter worth $2,942,000. Passumpsic Savings Bank acquired a new position in D.R. Horton in the third quarter valued at $2,466,000. Finally, TCW Group Inc. lifted its position in D.R. Horton by 13.8% during the third quarter. TCW Group Inc. now owns 24,077 shares of the construction company’s stock worth $4,593,000 after buying an additional 2,922 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DHI shares. Raymond James downgraded D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Barclays dropped their price target on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada reduced their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research report on Wednesday, October 30th. BTIG Research dropped their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, D.R. Horton has an average rating of “Hold” and an average price target of $185.87.

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.