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 the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 1,703 shares in the company, valued at $256,642.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

D.R. Horton Price Performance

D.R. Horton stock opened at $151.26 on Tuesday. The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $152.20 and a 200-day simple moving average of $142.36. The stock has a market cap of $49.81 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a 12-month low of $100.08 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 EPS. Equities analysts expect that D.R. Horton, Inc. will post 14.31 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

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

Institutional Trading of D.R. Horton

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal Advantage Investments Inc. increased its position in 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 period. First Hawaiian Bank raised its position in D.R. Horton by 0.5% in the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock valued at $2,639,000 after purchasing an additional 75 shares during the last quarter. Checchi Capital Advisers LLC grew its position in D.R. Horton by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock worth $625,000 after purchasing an additional 76 shares during the last quarter. Wealthsource Partners LLC increased its stake in D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after purchasing an additional 78 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in shares of D.R. Horton by 2.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after buying an additional 79 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DHI. JMP Securities boosted their target price on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 24th. Wedbush reissued an “underperform” rating and set a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Barclays dropped their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group increased their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Finally, Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

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.