D.R. Horton (NYSE:DHI) Sets New 1-Year High at $163.68

D.R. Horton, Inc. (NYSE:DHI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $163.68 and last traded at $163.41, with a volume of 46567 shares. The stock had previously closed at $162.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. JMP Securities increased their target price on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada upped their price objective on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research report on Monday, January 22nd. Raymond James raised their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of D.R. Horton in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of “Moderate Buy” and an average price target of $148.65.

D.R. Horton Trading Up 1.7 %

The stock has a market cap of $54.66 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $148.90 and a 200-day moving average of $133.59.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 23rd. The construction company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.55 billion. During the same quarter in the previous year, the business posted $2.76 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 14.17 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the transaction, the director now 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 a total of 27,197 shares of company stock valued at $4,225,745 over the last 90 days. 1.74% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Street Markets LLC acquired a new stake in D.R. Horton in the fourth quarter worth approximately $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton in the first quarter valued at $28,000. Mascoma Wealth Management LLC boosted its stake in D.R. Horton by 345.6% during the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after buying an additional 235 shares in the last quarter. BluePath Capital Management LLC bought a new stake in D.R. Horton in the third quarter worth about $33,000. Finally, Oakworth Capital Inc. acquired a new stake in D.R. Horton in the 4th quarter valued at about $38,000. 90.63% of the stock is currently owned by institutional investors.

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.