D.R. Horton Inc. (NYSE:DHI) shares dropped 2.2% during trading on Friday . The stock traded as low as $31.85 and last traded at $31.91, with a volume of 2,055,490 shares trading hands. The stock had previously closed at $32.63.

DHI has been the subject of several recent research reports. Argus reissued a “buy” rating and issued a $39.00 price objective on shares of D.R. Horton in a research note on Tuesday, July 26th. JMP Securities reaffirmed a “buy” rating and issued a $36.00 target price on shares of D.R. Horton in a research note on Wednesday, June 15th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research note on Tuesday, July 12th. Zacks Investment Research downgraded D.R. Horton from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Finally, Bank of America Corp. downgraded D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.45.

The company has a market capitalization of $11.89 billion and a price-to-earnings ratio of 14.20. The stock’s 50-day moving average is $32.99 and its 200 day moving average is $30.49.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton Inc. will post $2.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.32 annualized dividend and a dividend yield of 1.00%.

In other news, Director Michael R. Buchanan sold 12,000 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $33.80, for a total value of $405,600.00. Following the sale, the director now directly owns 12,940 shares in the company, valued at $437,372. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 3,333 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $33.95, for a total value of $113,155.35. Following the completion of the sale, the director now owns 8,983 shares in the company, valued at $304,972.85. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the stock. American International Group Inc. increased its stake in shares of D.R. Horton by 2.5% in the fourth quarter. American International Group Inc. now owns 131,273 shares of the company’s stock valued at $4,204,000 after buying an additional 3,202 shares in the last quarter. Principal Financial Group Inc. raised its position in D.R. Horton by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 496,134 shares of the company’s stock valued at $15,892,000 after buying an additional 12,781 shares during the last quarter. Stephens Inc. AR acquired a new position in D.R. Horton during the fourth quarter valued at approximately $1,082,000. Finally, State of Tennessee Treasury Department raised its position in D.R. Horton by 136.1% in the fourth quarter. State of Tennessee Treasury Department now owns 303,585 shares of the company’s stock valued at $9,723,000 after buying an additional 175,018 shares during the last quarter.

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

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