Barbara K. Allen Sells 363 Shares of D.R. Horton, Inc. (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 363 shares of D.R. Horton stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at approximately $838,799. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $146.12 on Thursday. D.R. Horton, Inc. has a 1-year low of $100.08 and a 1-year high of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38. The business’s fifty day moving average price is $151.94 and its two-hundred day moving average price is $139.79. The firm has a market capitalization of $48.49 billion, a PE ratio of 9.95, a P/E/G ratio of 0.71 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business posted $2.73 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that D.R. Horton, Inc. will post 14.27 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush reiterated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Royal Bank of Canada decreased their price target on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Bank of America decreased their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. UBS Group upped their price target on D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, BTIG Research decreased their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently bought and sold shares of DHI. AE Wealth Management LLC lifted its stake in D.R. Horton by 40.5% in the 3rd quarter. AE Wealth Management LLC now owns 11,867 shares of the construction company’s stock worth $1,275,000 after acquiring an additional 3,418 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in D.R. Horton by 7.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,050 shares of the construction company’s stock worth $435,000 after acquiring an additional 298 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in D.R. Horton in the 3rd quarter worth about $203,000. DAVENPORT & Co LLC lifted its stake in D.R. Horton by 4.3% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,442 shares of the construction company’s stock worth $800,000 after acquiring an additional 305 shares in the last quarter. Finally, Mach 1 Financial Group LLC purchased a new stake in D.R. Horton in the 3rd quarter worth about $691,000. 90.63% of the stock is owned by hedge funds and other 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.