D.R. Horton (NYSE:DHI) COO Michael Murray Sells 120 Shares of Stock

D.R. Horton, Inc. (NYSE:DHI) COO Michael Murray sold 120 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $148.97, for a total transaction of $17,876.40. Following the sale, the chief operating officer directly owned 122,495 shares of the company’s stock, valued at approximately $18,248,080.15. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

D.R. Horton Stock Down 1.0%

Shares of D.R. Horton stock opened at $166.16 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 6.63 and a debt-to-equity ratio of 0.23. The company has a market cap of $48.14 billion, a P/E ratio of 15.09, a PEG ratio of 2.59 and a beta of 1.44. The firm’s 50 day moving average price is $153.13 and its 200-day moving average price is $157.39. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.05. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. D.R. Horton’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. D.R. Horton’s dividend payout ratio (DPR) is presently 16.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DHI shares. Citizens Jmp reiterated a “market perform” rating on shares of D.R. Horton in a research note on Wednesday, January 7th. UBS Group set a $163.00 price objective on shares of D.R. Horton in a research report on Tuesday, January 27th. Bank of America set a $158.00 target price on shares of D.R. Horton in a research note on Wednesday, January 21st. Citigroup dropped their target price on shares of D.R. Horton from $163.00 to $154.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, BTIG Research set a $182.00 price target on shares of D.R. Horton in a report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.29.

Hedge Funds Weigh In On D.R. Horton

Institutional investors have recently bought and sold shares of the business. Concord Wealth Partners acquired a new stake in shares of D.R. Horton in the third quarter worth $25,000. Canton Hathaway LLC acquired a new position in D.R. Horton during the third quarter valued at $26,000. Steigerwald Gordon & Koch Inc. purchased a new stake in D.R. Horton in the third quarter valued at $27,000. Core Wealth Advisors LLC purchased a new stake in D.R. Horton in the fourth quarter valued at $25,000. Finally, Sound Income Strategies LLC acquired a new stake in D.R. Horton during the 4th quarter worth about $27,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.