Short Interest in D.R. Horton, Inc. (NYSE:DHI) Rises By 6.9%

D.R. Horton, Inc. (NYSE:DHI) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,990,000 shares, an increase of 6.9% from the March 15th total of 4,670,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 2,490,000 shares, the days-to-cover ratio is currently 2.0 days.

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $809,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 27,197 shares of company stock valued at $4,225,745 in the last ninety days. 1.74% of the stock is currently owned by company insiders.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in D.R. Horton during the 1st quarter worth approximately $27,000. Clear Street Markets LLC acquired a new stake in D.R. Horton during the 4th quarter worth approximately $28,000. Fairfield Bush & CO. acquired a new stake in D.R. Horton during the 1st quarter worth approximately $28,000. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter worth approximately $30,000. Finally, Mascoma Wealth Management LLC increased its position in D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JMP Securities boosted their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Barclays boosted their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Seaport Res Ptn lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. UBS Group upped their target price on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Finally, Wedbush lowered shares of D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price on the stock. in a report on Tuesday, April 2nd. 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 has an average rating of “Moderate Buy” and an average price target of $154.00.

D.R. Horton Trading Down 0.2 %

Shares of DHI stock opened at $145.74 on Thursday. The firm has a market cap of $48.36 billion, a P/E ratio of 10.48, a PEG ratio of 0.74 and a beta of 1.64. D.R. Horton 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 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The firm’s 50-day simple moving average is $151.94 and its 200-day simple moving average is $138.37.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.76 earnings per share. As a group, equities analysts forecast that D.R. Horton will post 14.24 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, February 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. D.R. Horton’s payout ratio is currently 8.63%.

About D.R. Horton

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.