D.R. Horton (NYSE:DHI) Shares Gap Up After Better-Than-Expected Earnings

Shares of D.R. Horton, Inc. (NYSE:DHI) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $145.74, but opened at $153.00. D.R. Horton shares last traded at $150.01, with a volume of 1,129,086 shares trading hands.

The construction company reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.73 EPS.

D.R. Horton Announces Dividend

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 0.84%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is 8.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DHI shares. BTIG Research lowered their price objective on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Citigroup increased their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group increased their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and an average price target of $158.06.

Insider Buying and Selling

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 over the last quarter. 1.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On D.R. Horton

Large investors have recently bought and sold shares of the business. Evergreen Capital Management LLC grew 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 valued at $1,074,000 after purchasing an additional 3,489 shares during the period. Voss Capital LLC bought a new stake in shares of D.R. Horton in the 4th quarter worth about $7,599,000. Los Angeles Capital Management LLC lifted its holdings in shares of 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 worth $79,884,000 after acquiring an additional 591,787 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth about $218,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $10,371,000 after acquiring an additional 7,600 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Stock Down 2.5 %

The business’s fifty day moving average is $151.91 and its two-hundred day moving average is $138.67. The company has a market cap of $47.18 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.

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.