D.R. Horton, Inc. (DHI) to Issue Quarterly Dividend of $0.30 on May 9th

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Thursday, April 18th, RTT News reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.30 per share by the construction company on Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, May 1st.

D.R. Horton has increased its dividend payment by an average of 13.1% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. D.R. Horton has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect D.R. Horton to earn $15.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.7%.

D.R. Horton Trading Up 0.8 %

Shares of DHI opened at $145.33 on Monday. 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 firm’s 50-day moving average is $151.99 and its two-hundred day moving average is $140.55. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. The firm has a market capitalization of $47.86 billion, a P/E ratio of 9.89, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.73 earnings per share. On average, research analysts predict that D.R. Horton will post 14.31 earnings per share for the current fiscal year.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the transaction, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. In the last three months, insiders sold 27,560 shares of company stock valued at $4,279,636. Corporate insiders own 1.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Bank of America lowered their price target on shares of D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. UBS Group upped their price objective on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Raymond James upped their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.