D.R. Horton, Inc. (DHI) To Go Ex-Dividend on May 7th

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Thursday, May 7th will be given a dividend of 0.45 per share by the construction company on Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, May 7th.

D.R. Horton has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect D.R. Horton to earn $11.92 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 15.1%.

D.R. Horton Trading Down 4.3%

DHI opened at $143.47 on Tuesday. D.R. Horton has a one year low of $114.17 and a one year high of $184.54. The company has a market cap of $40.68 billion, a P/E ratio of 13.45, a PEG ratio of 2.11 and a beta of 1.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 6.46. The business’s 50-day simple moving average is $147.26 and its 200-day simple moving average is $150.55.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The business had revenue of $7.56 billion for the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, equities research analysts expect that D.R. Horton will post 10.54 EPS for the current fiscal year.

Insider Transactions at D.R. Horton

In other news, SVP Aron M. Odom sold 260 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total value of $43,563.00. Following the completion of the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,081,870.35. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Concord Wealth Partners purchased a new stake in shares of D.R. Horton in the third quarter worth about $25,000. Core Wealth Advisors LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $25,000. Canton Hathaway LLC purchased a new stake in shares of D.R. Horton in the third quarter worth about $26,000. Osbon Capital Management LLC purchased a new stake in shares of D.R. Horton in the fourth quarter worth about $26,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of D.R. Horton in the third quarter worth about $27,000. Hedge funds and other institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.