D.R. Horton (NYSE:DHI) Trading Down 3.4%

Shares of D.R. Horton, Inc. (NYSE:DHI) traded down 3.4% on Friday . The stock traded as low as $110.87 and last traded at $111.34. 462,768 shares were traded during trading, a decline of 84% from the average session volume of 2,936,373 shares. The stock had previously closed at $115.20.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JMP Securities increased their price objective on D.R. Horton from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. StockNews.com assumed coverage on D.R. Horton in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Argus increased their price objective on D.R. Horton from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Barclays increased their price objective on D.R. Horton from $138.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. Finally, Credit Suisse Group restated a “neutral” rating and issued a $120.00 price target on shares of D.R. Horton in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton presently has an average rating of “Moderate Buy” and a consensus price target of $136.19.

D.R. Horton Stock Down 2.5 %

The firm has a 50 day moving average of $121.92 and a two-hundred day moving average of $111.68. The firm has a market capitalization of $38.01 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 6.97 and a debt-to-equity ratio of 0.28.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 20th. The construction company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $2.82 by $1.08. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm posted $4.67 earnings per share. D.R. Horton’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.27 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, August 4th. D.R. Horton’s payout ratio is 7.11%.

Insider Activity

In other news, CFO Bill W. Wheat sold 32,000 shares of D.R. Horton stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total transaction of $3,769,920.00. Following the sale, the chief financial officer now directly owns 219,115 shares of the company’s stock, valued at $25,813,938.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael R. Buchanan sold 1,639 shares of D.R. Horton stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $127.03, for a total value of $208,202.17. Following the transaction, the director now directly owns 470 shares of the company’s stock, valued at $59,704.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bill W. Wheat sold 32,000 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the completion of the transaction, the chief financial officer now directly owns 219,115 shares in the company, valued at $25,813,938.15. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Gravity Asset Management Inc. acquired a new position in shares of D.R. Horton in the second quarter worth approximately $1,983,000. Newton One Investments LLC bought a new stake in D.R. Horton in the second quarter worth approximately $37,000. Clear Street Markets LLC bought a new stake in D.R. Horton in the fourth quarter worth approximately $28,000. WealthPLAN Partners LLC bought a new stake in D.R. Horton in the first quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. bought a new stake in D.R. Horton in the second quarter worth approximately $41,000. 82.12% of the stock is owned by institutional investors and hedge funds.

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