D.R. Horton, Inc. (NYSE:DHI) Short Interest Up 31.3% in November

D.R. Horton, Inc. (NYSE:DHI) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,130,000 shares, a growth of 31.3% from the October 31st total of 6,190,000 shares. Based on an average trading volume of 2,410,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.9% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DHI shares. Evercore ISI cut their price target on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BTIG Research reduced 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. UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 7th. Finally, Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $185.87.

D.R. Horton Trading Down 0.4 %

DHI opened at $168.78 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company’s 50 day simple moving average is $177.29 and its two-hundred day simple moving average is $168.28. The firm has a market capitalization of $54.21 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. D.R. Horton has a 1-year low of $125.43 and a 1-year high of $199.85.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.45 EPS. Analysts expect that D.R. Horton will post 14.26 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued a $0.40 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is currently 11.14%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of D.R. Horton stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.74% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of D.R. Horton by 141.5% during the 1st quarter. Cetera Investment Advisers now owns 75,903 shares of the construction company’s stock valued at $12,490,000 after buying an additional 44,468 shares during the period. Cetera Advisors LLC increased its stake in D.R. Horton by 139.8% during the first quarter. Cetera Advisors LLC now owns 25,382 shares of the construction company’s stock worth $4,177,000 after acquiring an additional 14,798 shares during the last quarter. American Trust purchased a new stake in D.R. Horton in the first quarter valued at $206,000. Transcend Capital Advisors LLC grew its holdings in shares of D.R. Horton by 69.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 3,488 shares of the construction company’s stock worth $492,000 after purchasing an additional 1,433 shares during the period. Finally, GAMMA Investing LLC raised its holdings in D.R. Horton by 35.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,418 shares of the construction company’s stock valued at $482,000 after buying an additional 902 shares during the period. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.