D.R. Horton, Inc. (NYSE:DHI – Get Free Report) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 6,210,000 shares, a decline of 5.2% from the October 31st total of 6,550,000 shares. Based on an average trading volume of 2,560,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.1% of the shares of the company are short sold.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on D.R. Horton from $142.00 to $148.00 and gave the stock a “market perform” rating in a research note on Thursday, November 16th. StockNews.com raised D.R. Horton from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. Barclays reduced their target price on D.R. Horton from $150.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, October 12th. The Goldman Sachs Group upgraded D.R. Horton from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $132.00 to $131.00 in a research report on Monday, October 16th. Finally, Citigroup dropped their price target on D.R. Horton from $148.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.78.
D.R. Horton Stock Performance
Shares of D.R. Horton stock opened at $130.86 on Monday. D.R. Horton has a 52 week low of $82.97 and a 52 week high of $132.30. The business’s fifty day simple moving average is $113.45 and its 200-day simple moving average is $116.62. The firm has a market cap of $43.60 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.57. The company has a quick ratio of 0.68, a current ratio of 6.62 and a debt-to-equity ratio of 0.22.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The construction company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.98 by $0.47. D.R. Horton had a return on equity of 21.85% and a net margin of 13.38%. The business had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the company posted $4.67 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that D.R. Horton will post 14.22 earnings per share for the current year.
D.R. Horton Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Tuesday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 20th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.25. D.R. Horton’s dividend payout ratio is 8.67%.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, Director Barbara K. Allen sold 470 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $126.21, for a total value of $59,318.70. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $713,086.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On D.R. Horton
Hedge funds have recently bought and sold shares of the company. Forum Financial Management LP lifted its stake in D.R. Horton by 2.1% during the 2nd quarter. Forum Financial Management LP now owns 5,810 shares of the construction company’s stock worth $707,000 after acquiring an additional 117 shares in the last quarter. Cibc World Markets Corp lifted its stake in D.R. Horton by 36.8% during the 2nd quarter. Cibc World Markets Corp now owns 77,066 shares of the construction company’s stock worth $9,378,000 after acquiring an additional 20,711 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in D.R. Horton by 16.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,528 shares of the construction company’s stock worth $429,000 after acquiring an additional 506 shares in the last quarter. Twin Tree Management LP acquired a new position in D.R. Horton during the 2nd quarter worth about $12,519,000. Finally, Resources Investment Advisors LLC. acquired a new position in D.R. Horton during the 1st quarter worth about $591,000. Institutional investors and hedge funds own 82.12% of the company’s stock.
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 106 markets across 33 states under the names of D.R.