Shares of D.R. Horton, Inc. (NYSE:DHI – Get Free Report) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $145.74, but opened at $153.00. D.R. Horton shares last traded at $150.01, with a volume of 1,129,086 shares traded.
The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the business earned $2.73 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year.
D.R. Horton Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.79%. D.R. Horton’s payout ratio is currently 8.63%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on DHI
Insider Transactions at D.R. Horton
In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 owns 5,650 shares of the company’s stock, valued at $844,053.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock worth $4,225,745 over the last quarter. Corporate insiders own 1.74% of the company’s stock.
Hedge Funds Weigh In On D.R. Horton
A number of hedge funds and other institutional investors have recently bought and sold shares of DHI. Rise Advisors LLC purchased a new stake in D.R. Horton in the first quarter worth approximately $27,000. Clear Street Markets LLC purchased a new position in D.R. Horton in the 4th quarter worth $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the first quarter worth about $28,000. Riverview Trust Co purchased a new stake in D.R. Horton during the 1st quarter valued at about $30,000. Finally, Mascoma Wealth Management LLC raised its holdings in shares of D.R. Horton by 345.6% during the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock valued at $33,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
D.R. Horton Stock Performance
The stock has a market capitalization of $50.09 billion, a PE ratio of 10.79, a PEG ratio of 0.72 and a beta of 1.64. The company’s 50-day moving average price is $151.94 and its 200 day moving average price is $138.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.
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.
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