D.R. Horton (NYSE:DHI) Reaches New 1-Year High After Strong Earnings

D.R. Horton, Inc. (NYSE:DHI – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $98.93 and last traded at $97.29, with a volume of 384952 shares trading hands. The stock had previously closed at $95.68.

The construction company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.52. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The business had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter last year, the firm posted $3.17 EPS. The business’s revenue was up 2.9% compared to the same quarter last year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, February 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. D.R. Horton’s dividend payout ratio (DPR) is currently 6.05%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DHI shares. Citigroup raised their target price on shares of D.R. Horton from $91.00 to $111.00 in a report on Tuesday, January 10th. BTIG Research raised their target price on shares of D.R. Horton from $90.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, December 6th. Oppenheimer initiated coverage on shares of D.R. Horton in a research note on Wednesday, January 18th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of D.R. Horton from $81.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 22nd. Finally, KeyCorp raised their price target on shares of D.R. Horton from $84.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and an average target price of $93.62.

Insider Buying and Selling

In related news, COO Paul J. Romanowski sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total value of $2,690,400.00. Following the transaction, the chief operating officer now owns 76,185 shares in the company, valued at $6,832,270.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Paul J. Romanowski sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $89.68, for a total value of $2,690,400.00. Following the transaction, the chief operating officer now owns 76,185 shares in the company, valued at $6,832,270.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Aron M. Odom sold 1,300 shares of D.R. Horton stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the sale, the vice president now owns 1,724 shares in the company, valued at approximately $144,195.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,770 shares of company stock valued at $3,011,976. Insiders own 0.61% of the company’s stock.

Institutional Trading of D.R. Horton

A number of hedge funds have recently made changes to their positions in the company. Quent Capital LLC raised its stake in shares of D.R. Horton by 3.7% during the fourth quarter. Quent Capital LLC now owns 3,046 shares of the construction company’s stock valued at $272,000 after purchasing an additional 109 shares during the period. Retirement Guys Formula LLC increased its stake in shares of D.R. Horton by 1.6% in the third quarter. Retirement Guys Formula LLC now owns 7,220 shares of the construction company’s stock worth $486,000 after buying an additional 114 shares during the last quarter. Unison Advisors LLC increased its stake in shares of D.R. Horton by 0.3% in the fourth quarter. Unison Advisors LLC now owns 37,896 shares of the construction company’s stock worth $3,378,000 after buying an additional 125 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of D.R. Horton by 3.2% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 4,593 shares of the construction company’s stock worth $304,000 after buying an additional 143 shares during the last quarter. Finally, Shaker Investments LLC OH increased its stake in shares of D.R. Horton by 0.5% in the second quarter. Shaker Investments LLC OH now owns 26,974 shares of the construction company’s stock worth $1,785,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 84.87% of the company’s stock.

D.R. Horton Trading Up 1.4 %

The company has a quick ratio of 1.10, a current ratio of 5.92 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $88.79 and its 200-day moving average is $79.13. The firm has a market cap of $33.42 billion, a P/E ratio of 5.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.49.

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 106 markets across 33 states under the names of D.R.