D.R. Horton, Inc. (NYSE:DHI) Director Michael R. Buchanan Sells 2,000 Shares of Stock

D.R. Horton, Inc. (NYSE:DHI) Director Michael R. Buchanan sold 2,000 shares of D.R. Horton stock in a transaction on Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the completion of the sale, the director now owns 1,703 shares in the company, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

D.R. Horton Price Performance

NYSE DHI opened at $151.26 on Tuesday. D.R. Horton, Inc. has a one year low of $100.08 and a one year high of $165.75. The stock has a 50-day moving average of $152.20 and a 200 day moving average of $142.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The company has a market capitalization of $49.81 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 0.73 and a beta of 1.66.

D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $8.15 billion. During the same quarter in the previous year, the company posted $2.73 earnings per share. D.R. Horton’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that D.R. Horton, Inc. will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton’s dividend payout ratio is currently 8.17%.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds have recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in D.R. Horton in the 1st quarter worth $27,000. RiverPark Advisors LLC purchased a new stake in shares of D.R. Horton during the first quarter worth about $29,000. Riverview Trust Co bought a new stake in D.R. Horton during the 1st quarter valued at approximately $30,000. BluePath Capital Management LLC purchased a new position in D.R. Horton in the 3rd quarter worth approximately $33,000. Finally, Oakworth Capital Inc. bought a new position in D.R. Horton in the 4th quarter worth approximately $38,000. 90.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHI. UBS Group boosted their price target on shares of D.R. Horton from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Barclays dropped their price target on D.R. Horton from $186.00 to $176.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Bank of America lowered their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group increased their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Finally, Raymond James upped their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

D.R. Horton Company Profile

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.