D.R. Horton Target of Unusually High Options Trading (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 6,744 put options on the stock. This represents an increase of approximately 179% compared to the average daily volume of 2,421 put options.

Analyst Ratings Changes

DHI has been the topic of a number of analyst reports. BTIG Research set a $184.00 target price on shares of D.R. Horton in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their price target on D.R. Horton from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Weiss Ratings upgraded D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of D.R. Horton in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $166.08.

D.R. Horton Price Performance

DHI traded up $0.24 on Wednesday, reaching $140.44. The stock had a trading volume of 837,912 shares, compared to its average volume of 2,619,471. The company has a current ratio of 6.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $39.28 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.37. D.R. Horton has a fifty-two week low of $131.75 and a fifty-two week high of $177.58. The firm has a 50-day moving average of $146.32 and a 200-day moving average of $147.48.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.18. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.10 billion. D.R. Horton had a return on equity of 12.47% and a net margin of 9.15%.D.R. Horton’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $3.36 EPS. As a group, sell-side analysts anticipate that D.R. Horton will post 10.45 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a $0.45 dividend. The ex-dividend date was Thursday, August 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.3%. D.R. Horton’s payout ratio is 17.13%.

Institutional Investors Weigh In On D.R. Horton

Several large investors have recently modified their holdings of the company. Capital World Investors grew its stake in D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. BlackRock Inc. acquired a new stake in shares of D.R. Horton during the 2nd quarter worth approximately $4,067,842,000. Capital Research Global Investors increased its stake in shares of D.R. Horton by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock valued at $669,330,000 after acquiring an additional 13,155 shares in the last quarter. Norges Bank acquired a new position in shares of D.R. Horton during the 4th quarter valued at $649,305,000. Finally, Bank of America Corp DE boosted its stake in D.R. Horton by 10.7% during the first quarter. Bank of America Corp DE now owns 3,226,686 shares of the construction company’s stock worth $442,766,000 after acquiring an additional 312,303 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Company Profile

D.R. Horton, Inc is a residential home construction company that designs, builds and sells single-family homes and townhomes in the United States. Its homes are offered under brands including D.R. Horton, Emerald Homes, Express and Freedom Homes, serving a range of buyers from entry-level and first-time purchasers to move-up and active-adult customers.

In addition to homebuilding, the company operates businesses that support the residential real estate process. These include mortgage financing through DHI Mortgage, title services through DHI Title, and insurance-related services.