D.R. Horton (NYSE:DHI) Hits New 52-Week High at $163.68

D.R. Horton, Inc. (NYSE:DHI) shares hit a new 52-week high 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.

Analyst Ratings Changes

Several research firms have commented on DHI. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Barclays lifted their price objective on D.R. Horton from $143.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Keefe, Bruyette & Woods cut their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Raymond James lifted their price target on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, StockNews.com downgraded shares of D.R. Horton from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, D.R. Horton has a consensus rating of “Moderate Buy” and a consensus target price of $148.65.

D.R. Horton Trading Up 1.7 %

The firm has a market cap of $54.66 billion, a PE ratio of 11.66, a P/E/G ratio of 0.90 and a beta of 1.64. The company’s fifty day moving average price is $148.90 and its two-hundred day moving average price is $133.59. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 earnings per share. As a group, sell-side analysts forecast that D.R. Horton, Inc. will post 14.17 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Insider Activity at D.R. Horton

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

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton in the first quarter valued at $28,000. American Century Companies Inc. boosted its holdings in D.R. Horton by 13.9% during the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock worth $1,690,000 after buying an additional 2,771 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of D.R. Horton by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. lifted its position in shares of D.R. Horton by 21.1% during the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after acquiring an additional 52,320 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of D.R. Horton during the first quarter valued at $560,000. Institutional investors own 90.63% of the company’s stock.

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.