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 on Wednesday. Traders acquired 6,744 put options on the company. This is an increase of 179% compared to the typical daily volume of 2,421 put options.

D.R. Horton Stock Up 0.2%

NYSE:DHI traded up $0.24 on Wednesday, hitting $140.44. The stock had a trading volume of 837,912 shares, compared to its average volume of 2,619,471. D.R. Horton has a 1 year low of $131.75 and a 1 year high of $177.58. The firm’s fifty day simple moving average is $146.32 and its two-hundred day simple moving average is $147.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 6.43. The stock has a market cap of $39.28 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.37.

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

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Thursday, August 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%. D.R. Horton’s dividend payout ratio (DPR) is currently 17.13%.

Hedge Funds Weigh In On D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reynders McVeigh Capital Management LLC lifted its stake in D.R. Horton by 9.7% in the second quarter. Reynders McVeigh Capital Management LLC now owns 1,966 shares of the construction company’s stock valued at $320,000 after purchasing an additional 174 shares during the last quarter. Rench Wealth Management Inc. increased its position in D.R. Horton by 5.7% in the second quarter. Rench Wealth Management Inc. now owns 22,353 shares of the construction company’s stock worth $3,641,000 after buying an additional 1,196 shares during the last quarter. Tidal Investments LLC raised its stake in shares of D.R. Horton by 18.9% in the second quarter. Tidal Investments LLC now owns 77,024 shares of the construction company’s stock valued at $12,546,000 after buying an additional 12,228 shares during the period. Van Hulzen Asset Management LLC raised its stake in shares of D.R. Horton by 80.8% in the second quarter. Van Hulzen Asset Management LLC now owns 8,952 shares of the construction company’s stock valued at $1,458,000 after buying an additional 4,000 shares during the period. Finally, National Pension Service lifted its position in shares of D.R. Horton by 1.8% during the 2nd quarter. National Pension Service now owns 548,363 shares of the construction company’s stock valued at $89,317,000 after buying an additional 9,944 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on D.R. Horton from $175.00 to $167.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of D.R. Horton in a research report on Tuesday, July 21st. BTIG Research set a $184.00 price target on D.R. Horton in a research note on Wednesday, July 22nd. Zelman & Associates raised D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “mixed” rating on shares of D.R. Horton in a research report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $166.08.

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.