D.R. Horton (NYSE:DHI) Hits New 1-Year High at $163.68

D.R. Horton, Inc. (NYSE:DHIGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $163.68 and last traded at $163.41, with a volume of 46567 shares. The stock had previously closed at $162.05.

Wall Street Analysts Forecast Growth

DHI has been the topic of several analyst reports. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of D.R. Horton in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their price target on shares of D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. UBS Group upped their price objective on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Raymond James upped their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, The Goldman Sachs Group upped their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.65.

Read Our Latest Stock Report on DHI

D.R. Horton Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. The firm’s 50-day moving average price is $149.34 and its two-hundred day moving average price is $134.01. The firm has a market capitalization of $54.60 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64.

D.R. Horton (NYSE:DHIGet Free Report) last issued its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same quarter last year, the firm posted $2.76 earnings per share. D.R. Horton’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that D.R. Horton, Inc. will post 14.17 earnings per share for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio is currently 8.63%.

Insider Activity at D.R. Horton

In related news, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total transaction of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $143.26, for a total value of $250,418.48. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $809,419. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 in the last ninety days. Insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal Advantage Investments Inc. raised its stake in shares of D.R. Horton by 2.5% during the fourth quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after buying an additional 75 shares during the last quarter. Wealthsource Partners LLC raised its stake in shares of D.R. Horton by 2.7% during the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock worth $445,000 after buying an additional 78 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of D.R. Horton by 2.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after buying an additional 79 shares during the last quarter. FineMark National Bank & Trust raised its stake in shares of D.R. Horton by 2.0% during the third quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock worth $434,000 after buying an additional 80 shares during the last quarter. Finally, Tiemann Investment Advisors LLC raised its stake in shares of D.R. Horton by 1.6% during the third quarter. Tiemann Investment Advisors LLC now owns 5,447 shares of the construction company’s stock worth $585,000 after buying an additional 85 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

About D.R. Horton

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

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