Stock Traders Purchase Large Volume of Put Options on D.R. Horton (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 9,129 put options on the company. This is an increase of approximately 76% compared to the average volume of 5,195 put options.

Insider Buying and Selling

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

Institutional Investors Weigh In On D.R. Horton

Institutional investors have recently bought and sold shares of the business. Concord Wealth Partners purchased a new stake in D.R. Horton during the third quarter worth approximately $25,000. Core Wealth Advisors LLC purchased a new stake in D.R. Horton during the fourth quarter worth approximately $25,000. Osbon Capital Management LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in D.R. Horton during the 3rd quarter valued at $27,000. Finally, Sound Income Strategies LLC acquired a new stake in D.R. Horton during the 4th quarter valued at $27,000. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DHI. Barclays lifted their target price on shares of D.R. Horton from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Evercore lifted their target price on shares of D.R. Horton from $167.00 to $169.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of D.R. Horton from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Seaport Research Partners restated a “neutral” rating on shares of D.R. Horton in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $168.54.

D.R. Horton Trading Down 1.3%

Shares of NYSE:DHI traded down $1.93 during trading on Tuesday, reaching $143.03. The stock had a trading volume of 1,034,960 shares, compared to its average volume of 2,910,912. The business has a fifty day moving average price of $145.77 and a 200-day moving average price of $150.27. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. The stock has a market cap of $40.56 billion, a P/E ratio of 13.41, a PEG ratio of 2.07 and a beta of 1.41. D.R. Horton has a fifty-two week low of $114.17 and a fifty-two week high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The business had revenue of $7.56 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same quarter in the previous year, the business posted $2.58 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. As a group, analysts anticipate that D.R. Horton will post 10.57 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Thursday, May 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is 16.87%.

D.R. Horton Company Profile

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.