D.R. Horton, Inc. (NYSE:DHI) Director Sells $921,515.00 in Stock

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

D.R. Horton Trading Down 0.8 %

Shares of DHI stock traded down $1.26 during mid-day trading on Thursday, reaching $161.86. The stock had a trading volume of 2,235,901 shares, compared to its average volume of 2,508,270. The firm has a market capitalization of $52.74 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.74. The stock’s 50-day moving average price is $180.93 and its two-hundred day moving average price is $167.30. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. Equities analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 0.99%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is 11.14%.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mountaineer Partners Management LLC purchased a new position in shares of D.R. Horton in the 3rd quarter valued at approximately $1,853,178,000. FMR LLC boosted its holdings in shares of D.R. Horton by 44.7% during the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock valued at $1,508,252,000 after buying an additional 2,442,581 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of D.R. Horton by 1,761.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,043,909 shares of the construction company’s stock worth $147,118,000 after buying an additional 987,834 shares during the period. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 51.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,657,028 shares of the construction company’s stock worth $233,525,000 after acquiring an additional 561,337 shares in the last quarter. Finally, Long Pond Capital LP lifted its position in D.R. Horton by 438.6% during the 1st quarter. Long Pond Capital LP now owns 659,761 shares of the construction company’s stock valued at $108,564,000 after acquiring an additional 537,276 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on DHI shares. Evercore ISI dropped their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Barclays dropped their price objective on shares of D.R. Horton from $200.00 to $192.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Bank of America increased their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Finally, UBS Group decreased their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, D.R. Horton currently 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.