D.R. Horton (NYSE:DHI – Get Free Report) released its earnings results on Thursday. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44, RTT News reports. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 earnings per share. D.R. Horton updated its FY 2024 guidance to EPS.
D.R. Horton Price Performance
NYSE:DHI opened at $145.91 on Friday. The firm has a market capitalization of $48.42 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The stock has a fifty day moving average of $151.97 and a 200 day moving average of $138.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56.
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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is 8.63%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on DHI
Insider Activity at D.R. Horton
In related news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 completion of the sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of D.R. Horton 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 sale, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 1,748 shares of D.R. Horton stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,197 shares of company stock valued at $4,225,745. Company insiders own 1.74% of the company’s stock.
Institutional Investors Weigh In On D.R. Horton
Several hedge funds have recently added to or reduced their stakes in DHI. Fairfield Bush & CO. bought a new stake in D.R. Horton during the first quarter worth about $28,000. American Century Companies Inc. lifted its stake in shares of D.R. Horton by 13.9% in the 1st quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after acquiring an additional 2,771 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of D.R. Horton by 10.7% in the 1st quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after acquiring an additional 973 shares during the last quarter. Sei Investments Co. lifted its stake in shares of D.R. Horton by 21.1% in the 1st quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after acquiring an additional 52,320 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $560,000. Institutional investors own 90.63% of the company’s stock.
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.
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