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

D.R. Horton, Inc. (NYSE:DHI) Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at $256,642.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

D.R. Horton Stock Performance

DHI traded up $2.78 during trading on Monday, hitting $151.26. The company’s stock had a trading volume of 1,548,154 shares, compared to its average volume of 2,539,013. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The firm has a market cap of $49.81 billion, a PE ratio of 10.11, a P/E/G ratio of 0.73 and a beta of 1.66. The business’s 50 day simple moving average is $152.09 and its 200-day simple moving average is $142.01.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm 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 firm earned $2.73 EPS. The company’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of DHI. Rise Advisors LLC bought a new position in D.R. Horton during the first quarter valued at $27,000. RiverPark Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth about $29,000. Riverview Trust Co bought a new position in D.R. Horton during the 1st quarter valued at about $30,000. Oakworth Capital Inc. purchased a new stake in D.R. Horton in the 4th quarter worth about $38,000. Finally, Private Wealth Management Group LLC bought a new stake in D.R. Horton in the fourth quarter worth about $42,000. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DHI shares. BTIG Research dropped their price target on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods dropped their price target on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Raymond James lifted their price target on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Seaport Res Ptn lowered D.R. Horton from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Finally, Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

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