Key Points
- COO Michael Murray sold 120 shares on May 3 at an average price of $148.97 for about $17,876, and still owns 122,495 shares after the transaction (a ~0.10% ownership decrease), according to an SEC filing.
- In the most recent quarter D.R. Horton reported $2.03 EPS (vs. $1.98 expected) and $6.89 billion in revenue (vs. $6.66 billion expected), although revenue was down 9.5% year‑over‑year.
- Analysts have a consensus Hold rating with a $160.29 target price; the company has roughly a $48.1 billion market cap and an annualized dividend yield of about 1.1%.
D.R. Horton, Inc. (NYSE:DHI - Get Free Report) COO Michael Murray sold 120 shares of D.R. Horton stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $148.97, for a total value of $17,876.40. Following the transaction, the chief operating officer owned 122,495 shares of the company's stock, valued at approximately $18,248,080.15. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
D.R. Horton Trading Down 1.0%
Shares of NYSE:DHI opened at $166.16 on Wednesday. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The business has a 50 day moving average of $153.13 and a two-hundred day moving average of $157.39. The company has a market capitalization of $48.14 billion, a PE ratio of 15.09, a PEG ratio of 2.59 and a beta of 1.44.
D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The business had revenue of $6.89 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the company earned $2.61 EPS. The business's revenue was down 9.5% on a year-over-year basis. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 EPS for the current year.
D.R. Horton Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Thursday, February 5th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton's dividend payout ratio is presently 16.35%.
Institutional Investors Weigh In On D.R. Horton
Large investors have recently bought and sold shares of the stock. Winnow Wealth LLC acquired a new stake in shares of D.R. Horton during the 3rd quarter worth $960,000. Berkshire Hathaway Inc acquired a new stake in D.R. Horton during the second quarter worth about $191,491,000. Trinity Street Asset Management LLP bought a new position in D.R. Horton in the 3rd quarter valued at about $25,140,000. Mediolanum International Funds Ltd increased its holdings in D.R. Horton by 96.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 151,153 shares of the construction company's stock valued at $25,670,000 after buying an additional 74,266 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of D.R. Horton by 12.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,269,557 shares of the construction company's stock valued at $384,624,000 after buying an additional 252,878 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on DHI. Argus upped their price objective on shares of D.R. Horton from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. UBS Group set a $163.00 target price on shares of D.R. Horton in a research note on Tuesday, January 27th. BTIG Research set a $182.00 price target on shares of D.R. Horton in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods reiterated a "reduce" rating on shares of D.R. Horton in a report on Tuesday, January 27th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $155.00 price objective (down from $180.00) on shares of D.R. Horton in a research note on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $160.29.
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About D.R. Horton
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D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company's core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.
Founded in 1978 by Donald R.
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