Insider Selling: D.R. Horton, Inc. (NYSE:DHI) Director Sells 5,650 Shares of Stock

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

D.R. Horton Trading Up 1.0 %

Shares of NYSE:DHI opened at $163.51 on Friday. The company has a market cap of $53.28 billion, a PE ratio of 11.39, a P/E/G ratio of 0.59 and a beta of 1.74. The company’s 50 day moving average is $179.77 and its two-hundred day moving average is $167.34. D.R. Horton, Inc. has a 52 week low of $125.28 and a 52 week high of $199.85. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $4.45 EPS. Equities analysts predict that D.R. Horton, Inc. will post 14.4 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a $0.40 dividend. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 12th. D.R. Horton’s dividend payout ratio is currently 11.14%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Citigroup cut their target price on D.R. Horton from $186.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on D.R. Horton from $180.00 to $188.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, D.R. Horton has an average rating of “Hold” and an average price target of $185.87.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. Edgestream Partners L.P. grew its position in shares of D.R. Horton by 18.5% in the 1st quarter. Edgestream Partners L.P. now owns 1,715 shares of the construction company’s stock valued at $282,000 after buying an additional 268 shares during the last quarter. Bessemer Group Inc. boosted its stake in D.R. Horton by 107.6% during the 1st quarter. Bessemer Group Inc. now owns 14,857 shares of the construction company’s stock worth $2,444,000 after purchasing an additional 7,699 shares during the period. Pitcairn Co. grew its position in D.R. Horton by 10.2% during the 1st quarter. Pitcairn Co. now owns 1,878 shares of the construction company’s stock worth $309,000 after purchasing an additional 174 shares during the last quarter. Shell Asset Management Co. increased its position in D.R. Horton by 55.4% in the 1st quarter. Shell Asset Management Co. now owns 5,838 shares of the construction company’s stock valued at $961,000 after acquiring an additional 2,082 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of D.R. Horton by 66.9% during the 1st quarter. CreativeOne Wealth LLC now owns 3,723 shares of the construction company’s stock worth $613,000 after purchasing an additional 1,492 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.