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

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

D.R. Horton Price Performance

D.R. Horton stock opened at $146.12 on Thursday. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75. 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 firm’s 50-day simple moving average is $151.94 and its 200 day simple moving average 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 released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. During the same period in the previous year, the firm earned $2.73 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 14.27 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DHI shares. Raymond James boosted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group boosted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Bank of America dropped their price objective on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, UBS Group boosted their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.06.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds have recently modified their holdings of DHI. Verity & Verity LLC acquired a new stake in shares of D.R. Horton in the first quarter worth approximately $43,000. V Square Quantitative Management LLC boosted its position in shares of D.R. Horton by 51.3% in the first quarter. V Square Quantitative Management LLC now owns 3,559 shares of the construction company’s stock worth $586,000 after acquiring an additional 1,207 shares during the last quarter. Townsend & Associates Inc boosted its position in shares of D.R. Horton by 1.6% in the first quarter. Townsend & Associates Inc now owns 86,035 shares of the construction company’s stock worth $14,157,000 after acquiring an additional 1,321 shares during the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of D.R. Horton by 2.4% in the first quarter. Premier Path Wealth Partners LLC now owns 6,127 shares of the construction company’s stock worth $1,008,000 after acquiring an additional 141 shares during the last quarter. Finally, Demars Financial Group LLC acquired a new position in D.R. Horton during the first quarter valued at approximately $348,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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.