D.R. Horton, Inc. (NYSE:DHI – Get Free Report) was the recipient of a large growth in short interest in the month of 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. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,680,000 shares, the short-interest ratio is currently 2.0 days.
Insiders Place Their Bets
In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the sale, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now owns 5,650 shares in the company, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David V. Auld sold 25,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value 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. Insiders have sold 25,812 shares of company stock worth $4,029,217 in the last quarter. 1.74% of the stock is owned by corporate insiders.
Institutional Trading of D.R. Horton
A number of institutional investors have recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in D.R. Horton during the 1st quarter valued at about $27,000. Riverview Trust Co acquired a new stake in D.R. Horton during the 1st quarter valued at $30,000. BluePath Capital Management LLC purchased a new stake in shares of D.R. Horton in the third quarter valued at $33,000. Oakworth Capital Inc. purchased a new stake in D.R. Horton during the 4th quarter worth about $38,000. Finally, First Pacific Financial acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $41,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on DHI
D.R. Horton Stock Performance
DHI opened at $143.95 on Thursday. The company has a market cap of $47.40 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.66. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $165.75. The company has a quick ratio of 1.38, a current ratio of 7.35 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $152.04 and its 200-day moving average price is $141.14.
D.R. Horton (NYSE:DHI – Get Free Report) 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. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter last year, the business posted $2.73 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s payout ratio is currently 8.17%.
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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