D.R. Horton, Inc. (NYSE:DHI) Short Interest Up 6.8% in April

D.R. Horton, Inc. (NYSE:DHI) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,330,000 shares, an increase of 6.8% from the March 31st total of 4,990,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.8% of the company’s shares are short sold.

Insider Buying and Selling

In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $148.46, for a total transaction of $53,890.98. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $838,799. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Barbara K. Allen sold 363 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,812 shares of company stock valued at $4,029,217. Company insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DHI. Legal Advantage Investments Inc. grew its position in D.R. Horton by 2.5% during the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock worth $467,000 after purchasing an additional 75 shares during the period. First Hawaiian Bank grew its holdings in D.R. Horton by 0.5% during the first quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock worth $2,639,000 after acquiring an additional 75 shares during the period. Checchi Capital Advisers LLC raised its position in D.R. Horton by 2.0% during the first quarter. Checchi Capital Advisers LLC now owns 3,799 shares of the construction company’s stock valued at $625,000 after acquiring an additional 76 shares in the last quarter. Wealthsource Partners LLC lifted its holdings in D.R. Horton by 2.7% in the fourth quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after acquiring an additional 78 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock worth $391,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America reduced their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a report on Friday, April 19th. UBS Group upped their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. The Goldman Sachs Group lifted their price objective on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods reduced their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, Jefferies Financial Group lifted their price target on D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Stock Performance

DHI opened at $142.48 on Thursday. The firm’s 50-day moving average price is $152.04 and its 200-day moving average price is $141.14. The company has a market cap of $46.92 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75.

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

D.R. Horton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, May 1st. D.R. Horton’s dividend payout ratio (DPR) is currently 8.17%.

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.