D. R. Horton (NYSE:DHI) released its earnings results on Thursday. The construction company reported $1.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.22, MarketWatch Earnings reports. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS.
NYSE DHI opened at $34.40 on Friday. The stock has a market capitalization of $14.15 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26. D. R. Horton has a twelve month low of $33.70 and a twelve month high of $53.32. The company has a current ratio of 7.06, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.74%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.13. D. R. Horton’s payout ratio is presently 12.22%.
In related news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the sale, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Strs Ohio grew its stake in D. R. Horton by 63.4% during the second quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock worth $2,892,000 after buying an additional 27,373 shares during the last quarter. Raymond James & Associates grew its stake in D. R. Horton by 9.2% during the second quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock worth $10,385,000 after buying an additional 21,259 shares during the last quarter. Marco Investment Management LLC grew its stake in D. R. Horton by 13.0% during the second quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock worth $677,000 after buying an additional 1,900 shares during the last quarter. Investec Asset Management LTD bought a new stake in D. R. Horton during the second quarter worth about $21,851,000. Finally, Banco de Sabadell S.A grew its stake in D. R. Horton by 2.0% during the second quarter. Banco de Sabadell S.A now owns 159,535 shares of the construction company’s stock worth $6,498,000 after buying an additional 3,138 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on DHI shares. Bank of America set a $65.00 target price on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, October 11th. ValuEngine lowered shares of D. R. Horton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of D. R. Horton in a report on Friday, September 14th. Barclays set a $51.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, JMP Securities set a $47.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.79.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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