Michael W. Hewatt Sells 4,000 Shares of D.R. Horton, Inc. (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHIGet Rating) Director Michael W. Hewatt sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $77.07, for a total value of $308,280.00. Following the completion of the sale, the director now directly owns 1,067 shares in the company, valued at $82,233.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

D.R. Horton Stock Up 0.4 %

D.R. Horton stock opened at $74.22 on Thursday. The stock has a market cap of $25.79 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 5.71. D.R. Horton, Inc. has a one year low of $59.25 and a one year high of $110.45. The stock has a fifty day moving average of $71.65 and a 200 day moving average of $76.32.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The construction company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.91 billion. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.06 earnings per share. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 17.05 EPS for the current year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, August 3rd. D.R. Horton’s payout ratio is 5.78%.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC increased its position in D.R. Horton by 65.4% in the fourth quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock worth $34,000 after buying an additional 123 shares in the last quarter. Fiduciary Trust Co. grew its position in shares of D.R. Horton by 3.0% during the fourth quarter. Fiduciary Trust Co. now owns 4,405 shares of the construction company’s stock worth $477,000 after purchasing an additional 130 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of D.R. Horton by 3.2% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,593 shares of the construction company’s stock worth $304,000 after purchasing an additional 143 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in shares of D.R. Horton by 10.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,467 shares of the construction company’s stock worth $158,000 after purchasing an additional 144 shares in the last quarter. Finally, Shaker Investments LLC OH grew its position in shares of D.R. Horton by 0.5% during the second quarter. Shaker Investments LLC OH now owns 26,974 shares of the construction company’s stock worth $1,785,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 81.27% of the company’s stock.

Wall Street Analyst Weigh In

DHI has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating on the stock in a report on Friday, June 17th. JMP Securities lowered their price target on D.R. Horton from $120.00 to $95.00 and set a “market outperform” rating on the stock in a report on Friday, July 22nd. Royal Bank of Canada lowered their price target on D.R. Horton from $103.00 to $89.00 in a report on Wednesday, April 27th. Wedbush lowered their price target on D.R. Horton from $125.00 to $97.00 in a report on Wednesday, April 27th. Finally, BTIG Research lowered their price target on D.R. Horton from $97.00 to $92.00 in a report on Friday, July 22nd. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.14.

D.R. Horton Company Profile

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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 31 states and 98 markets under the names of D.R.

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