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

by · The Cerbat Gem

D.R. Horton, Inc. (NYSE:DHI – Get Free Report) Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

D.R. Horton Trading Up 0.7 %

NYSE DHI traded up $1.06 on Friday, hitting $162.92. 370,343 shares of the stock were exchanged, compared to its average volume of 2,499,127. D.R. Horton, Inc. has a 52-week low of $125.28 and a 52-week high of $199.85. The firm has a market capitalization of $53.09 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. The stock has a fifty day moving average price of $180.39 and a two-hundred day moving average price of $167.26.

D.R. Horton (NYSE:DHI – Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company posted $4.45 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. Research analysts forecast that D.R. Horton, Inc. will post 14.4 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders 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 dividend yield of 0.98%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Institutional Trading of D.R. Horton

A number of hedge funds have recently bought and sold shares of DHI. Coastline Trust Co acquired a new stake in shares of D.R. Horton during the third quarter worth $26,000. Rakuten Securities Inc. grew its stake in D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Bfsg LLC increased its holdings in shares of D.R. Horton by 70.5% in the second quarter. Bfsg LLC now owns 179 shares of the construction company’s stock valued at $25,000 after purchasing an additional 74 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of D.R. Horton by 1,306.7% in the third quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in shares of D.R. Horton by 76.2% during the third quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BTIG Research reduced their target price on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Citigroup reduced their price objective on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their target price on D.R. Horton from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price target on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, UBS Group cut their price objective on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $185.87.

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D.R. Horton Company Profile

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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.

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