Michael R. Buchanan Sells 2,000 Shares of D.R. Horton, Inc. (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) Director Michael R. Buchanan sold 2,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the transaction, the director now owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

D.R. Horton Trading Up 0.1 %

DHI stock opened at $151.42 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $49.86 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.73 and a beta of 1.66. The business has a fifty day simple moving average of $152.32 and a 200-day simple moving average of $142.72. D.R. Horton, Inc. has a 52 week low of $100.08 and a 52 week high of $165.75.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period last year, the business posted $2.73 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 annualized dividend and a yield of 0.79%. D.R. Horton’s dividend payout ratio is currently 8.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Bank of America dropped their target price on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a report on Friday, April 19th. Citigroup raised their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wedbush reiterated an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a report on Thursday, April 18th. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada decreased their price objective on D.R. Horton from $142.00 to $141.00 and set an “underperform” rating on the stock in a research note on Friday, April 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in D.R. Horton during the 1st quarter worth $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton in the first quarter worth about $29,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter valued at about $30,000. BluePath Capital Management LLC purchased a new stake in shares of D.R. Horton during the 3rd quarter valued at about $33,000. Finally, Oakworth Capital Inc. acquired a new position in D.R. Horton during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.