D.R. Horton, Inc. (NYSE:DHI) Announces $0.25 Quarterly Dividend

D.R. Horton, Inc. (NYSE:DHI – Get Rating) announced a quarterly dividend on Tuesday, January 24th, RTT News reports. Investors of record on Tuesday, February 7th will be paid a dividend of 0.25 per share by the construction company on Tuesday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%.

D.R. Horton has raised its dividend payment by an average of 14.0% annually over the last three years and has raised its dividend every year for the last 9 years. D.R. Horton has a dividend payout ratio of 10.2% meaning its dividend is sufficiently covered by earnings. Analysts expect D.R. Horton to earn $9.54 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.5%.

D.R. Horton Stock Performance

DHI stock opened at $97.00 on Wednesday. The firm has a 50-day simple moving average of $88.79 and a two-hundred day simple moving average of $79.13. The firm has a market cap of $33.42 billion, a price-to-earnings ratio of 5.86, a PEG ratio of 0.65 and a beta of 1.49. D.R. Horton has a one year low of $59.25 and a one year high of $98.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 5.92.

D.R. Horton (NYSE:DHI – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The construction company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.24 by $0.52. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The business had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $6.43 billion. During the same period in the previous year, the business posted $3.17 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that D.R. Horton will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, COO Paul J. Romanowski sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $89.68, for a total value of $2,690,400.00. Following the transaction, the chief operating officer now owns 76,185 shares in the company, valued at approximately $6,832,270.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the completion of the sale, the vice president now owns 1,724 shares of the company’s stock, valued at $144,195.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Paul J. Romanowski sold 30,000 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total transaction of $2,690,400.00. Following the completion of the sale, the chief operating officer now directly owns 76,185 shares of the company’s stock, valued at approximately $6,832,270.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,770 shares of company stock worth $3,011,976. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairfield Bush & CO. acquired a new stake in D.R. Horton in the first quarter valued at approximately $28,000. American Century Companies Inc. lifted its holdings in D.R. Horton by 13.9% during the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in D.R. Horton by 10.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock worth $751,000 after buying an additional 973 shares during the last quarter. Sei Investments Co. lifted its holdings in D.R. Horton by 21.1% during the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock worth $22,425,000 after buying an additional 52,320 shares during the last quarter. Finally, Prudential PLC purchased a new stake in D.R. Horton during the 1st quarter worth about $560,000. Institutional investors and hedge funds own 84.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on DHI shares. JPMorgan Chase & Co. lifted their price objective on shares of D.R. Horton from $81.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, November 22nd. KeyCorp upped their target price on D.R. Horton from $84.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, November 14th. The Goldman Sachs Group raised their price target on shares of D.R. Horton from $98.00 to $99.00 in a research report on Tuesday. Barclays raised their price target on shares of D.R. Horton from $95.00 to $108.00 in a research report on Wednesday, December 14th. Finally, Wedbush lowered shares of D.R. Horton from an “outperform” rating to a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.62.

About D.R. Horton

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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 106 markets across 33 states under the names of D.R.