D.R. Horton, Inc. (NYSE:DHI) Short Interest Update

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

D.R. Horton Stock Up 1.0 %

Shares of NYSE:DHI opened at $143.95 on Thursday. D.R. Horton has a one year low of $100.08 and a one year high of $165.75. The company has a market cap of $47.40 billion, a price-to-earnings ratio of 9.70, a PEG ratio of 0.71 and a beta of 1.66. The firm has a fifty day moving average price of $152.04 and a two-hundred day moving average price of $141.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 7.35 and a quick ratio of 1.38.

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

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors 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 annualized dividend and a yield of 0.83%. D.R. Horton’s payout ratio is 8.17%.

Insider Activity

In other news, Director Barbara K. Allen sold 363 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 owns 5,650 shares in the company, valued at approximately $838,799. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 value of $3,908,250.00. Following the sale, the insider now directly owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $53,890.98. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $838,799. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,812 shares of company stock worth $4,029,217. 1.74% of the stock is owned by corporate insiders.

Institutional Trading of D.R. Horton

A number of large investors have recently made changes to their positions in DHI. Rise Advisors LLC purchased a new position in shares of D.R. Horton during the 1st quarter valued at about $27,000. Riverview Trust Co bought a new position in shares of D.R. Horton during the first quarter worth $30,000. BluePath Capital Management LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $33,000. Oakworth Capital Inc. bought a new position in D.R. Horton in the fourth quarter worth approximately $38,000. Finally, First Pacific Financial bought a new stake in D.R. Horton during the 3rd quarter valued at $41,000. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DHI shares. Seaport Res Ptn cut shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. BTIG Research dropped their price objective on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Raymond James increased their price target on 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, Barclays reduced their target price on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.06.

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.