D.R. Horton, Inc. (NYSE:DHI) Short Interest Update

D.R. Horton, Inc. (NYSE:DHI) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,620,000 shares, a decline of 6.3% from the November 15th total of 8,130,000 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 2,470,000 shares, the short-interest ratio is presently 3.1 days.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.74% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently bought and sold shares of DHI. KBC Group NV raised its position in shares of D.R. Horton by 360.0% during the third quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock worth $51,706,000 after acquiring an additional 212,112 shares during the last quarter. Legacy CG LLC acquired a new stake in D.R. Horton during the third quarter worth approximately $4,220,000. Toronto Dominion Bank grew its stake in D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock valued at $20,025,000 after acquiring an additional 15,460 shares during the period. Benjamin Edwards Inc. grew its stake in D.R. Horton by 904.4% in the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock valued at $7,795,000 after acquiring an additional 36,780 shares during the period. Finally, Schear Investment Advisers LLC purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $1,308,000. 90.63% of the stock is currently owned by institutional investors.

D.R. Horton Trading Down 0.0 %

DHI traded down $0.01 during midday trading on Tuesday, reaching $147.60. 1,432,011 shares of the company were exchanged, compared to its average volume of 2,516,208. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The stock has a market capitalization of $47.40 billion, a P/E ratio of 10.35, a PEG ratio of 0.57 and a beta of 1.71. The stock’s 50-day simple moving average is $170.27 and its 200 day simple moving average is $169.17.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The firm had revenue of $10 billion during the quarter, compared to analyst estimates of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.45 EPS. As a group, analysts forecast that D.R. Horton will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.08%. D.R. Horton’s dividend payout ratio (DPR) is currently 11.14%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DHI. Bank of America upped their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $200.00 to $183.00 in a research report on Tuesday, December 10th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. BTIG Research cut their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $179.60.

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.