D.R. Horton, Inc. (NYSE:DHI) Director Sells $301,400.00 in Stock

D.R. Horton, Inc. (NYSE:DHI) Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $150.70, for a total value of $301,400.00. Following the completion of the sale, the director now 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 available at this hyperlink.

D.R. Horton Stock Performance

NYSE:DHI traded up $2.78 during mid-day trading on Monday, reaching $151.26. The stock had a trading volume of 1,548,154 shares, compared to its average volume of 2,539,013. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a market capitalization of $49.81 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.73 and a beta of 1.66. D.R. Horton, Inc. has a twelve month low of $100.08 and a twelve month high of $165.75. The business has a 50 day simple moving average of $152.09 and a 200 day simple moving average of $142.01.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.44. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. During the same quarter last year, the firm earned $2.73 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, analysts expect that D.R. Horton, Inc. will post 14.31 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DHI. JMP Securities lifted their price objective on D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 24th. Barclays decreased their target price on shares of D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Wedbush reissued an “underperform” rating and issued a $130.00 target price on shares of D.R. Horton in a research note on Thursday, April 18th. Citigroup raised their target price on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Raymond James lifted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.06.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Concord Investment Counsel Inc. purchased a new position in D.R. Horton in the first quarter valued at about $4,161,000. Advisory Services Network LLC increased its stake in shares of D.R. Horton by 35.2% during the 1st quarter. Advisory Services Network LLC now owns 24,725 shares of the construction company’s stock worth $4,069,000 after purchasing an additional 6,435 shares in the last quarter. Manchester Capital Management LLC grew its stake in D.R. Horton by 631.9% in the 1st quarter. Manchester Capital Management LLC now owns 849 shares of the construction company’s stock worth $140,000 after acquiring an additional 733 shares during the period. W.H. Cornerstone Investments Inc. purchased a new stake in D.R. Horton in the 1st quarter worth approximately $256,000. Finally, WBI Investments LLC purchased a new stake in D.R. Horton in the 1st quarter worth approximately $290,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

About D.R. Horton

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.