D.R. Horton, Inc. (DHI) To Go Ex-Dividend on August 6th

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Tuesday, July 21st. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.45 per share by the construction company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 6th.

D.R. Horton has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 10 years. D.R. Horton has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect D.R. Horton to earn $11.75 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 15.3%.

D.R. Horton Stock Up 2.5%

Shares of DHI opened at $146.58 on Tuesday. The business’s fifty day moving average price is $151.54 and its two-hundred day moving average price is $150.21. 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 firm has a market capitalization of $41.00 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.27 and a beta of 1.36. D.R. Horton has a 52 week low of $131.75 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 21st. The construction company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.36 EPS. On average, analysts predict that D.R. Horton will post 10.47 earnings per share for the current year.

Institutional Trading of D.R. Horton

Several hedge funds and other institutional investors have recently bought and sold shares of DHI. Capital World Investors increased its holdings in shares of D.R. Horton by 22.1% during the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock worth $5,321,849,000 after purchasing an additional 6,695,592 shares during the period. Capital Research Global Investors grew its position in D.R. Horton by 0.3% during the fourth quarter. Capital Research Global Investors now owns 4,647,088 shares of the construction company’s stock worth $669,330,000 after buying an additional 13,155 shares in the last quarter. Norges Bank bought a new position in D.R. Horton during the 4th quarter worth $649,305,000. Morgan Stanley raised its holdings in D.R. Horton by 1.9% in the 4th quarter. Morgan Stanley now owns 3,684,724 shares of the construction company’s stock valued at $530,711,000 after acquiring an additional 67,578 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in D.R. Horton by 4.5% in the 4th quarter. Invesco Ltd. now owns 3,523,164 shares of the construction company’s stock valued at $507,441,000 after acquiring an additional 151,144 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.