D.R. Horton, Inc. (NYSE:DHI - Get Free Report) Director Barbara K. Allen sold 363 shares of the business's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company's stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
D.R. Horton Stock Up 3.5 %
DHI opened at $148.03 on Wednesday. The business has a 50 day moving average price of $151.92 and a two-hundred day moving average price of $139.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $49.12 billion, a PE ratio of 10.08, a P/E/G ratio of 0.70 and a beta of 1.64. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.73 EPS. As a group, research analysts anticipate that D.R. Horton, Inc. will post 14.25 EPS for the current year.
D.R. Horton Dividend Announcement
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 1st. D.R. Horton's dividend payout ratio (DPR) is 8.17%.
Hedge Funds Weigh In On D.R. Horton
Large investors have recently modified their holdings of the business. Evergreen Capital Management LLC raised its stake in shares of D.R. Horton by 53.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 9,992 shares of the construction company's stock worth $1,074,000 after buying an additional 3,489 shares in the last quarter. Voss Capital LLC purchased a new position in D.R. Horton in the 4th quarter valued at approximately $7,599,000. Los Angeles Capital Management LLC increased its stake in D.R. Horton by 390.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 743,311 shares of the construction company's stock valued at $79,884,000 after purchasing an additional 591,787 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in D.R. Horton in the 3rd quarter valued at approximately $218,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in D.R. Horton by 12.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,241 shares of the construction company's stock valued at $10,371,000 after purchasing an additional 7,600 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
DHI has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on D.R. Horton from $141.00 to $153.00 and gave the stock a "hold" rating in a research report on Friday, April 19th. JMP Securities upped their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 24th. BTIG Research lowered their price objective on D.R. Horton from $174.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Citigroup upped their price objective on D.R. Horton from $166.00 to $191.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Finally, Wedbush reaffirmed an "underperform" rating and set a $130.00 price objective on shares of D.R. Horton in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.06.
Read Our Latest Report on D.R. Horton
About D.R. Horton
(
Get Free Report)
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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