D.R. Horton, Inc. (NYSE:DHI) Short Interest Down 16.5% in March

D.R. Horton, Inc. (NYSE:DHI) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 6,070,000 shares, a decrease of 16.5% from the March 15th total of 7,270,000 shares. Based on an average daily volume of 3,860,000 shares, the short-interest ratio is presently 1.6 days. Currently, 2.2% of the company’s shares are sold short.

D.R. Horton Trading Down 1.0 %

Shares of NYSE:DHI opened at $120.02 on Monday. The firm has a market capitalization of $37.82 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The business’s 50 day moving average price is $126.41 and its 200-day moving average price is $146.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.11). The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. During the same quarter last year, the company earned $3.52 earnings per share. On average, equities research analysts forecast that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. D.R. Horton’s dividend payout ratio is currently 12.11%.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of D.R. Horton by 5.5% in the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company’s stock valued at $229,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC boosted its position in D.R. Horton by 74.5% in the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after buying an additional 82 shares during the period. Secure Asset Management LLC increased its position in shares of D.R. Horton by 4.8% during the fourth quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company’s stock worth $257,000 after acquiring an additional 84 shares during the period. Azzad Asset Management Inc. ADV grew its stake in D.R. Horton by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company’s stock worth $1,221,000 after purchasing an additional 89 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company’s stock worth $767,000 after purchasing an additional 91 shares during the period. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BTIG Research dropped their price objective on D.R. Horton from $171.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Bank of America decreased their price target on D.R. Horton from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday. Softer demand and elevated incentives impacting outlook through H2 2025 JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price objective on shares of D.R. Horton in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $125.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Finally, Barclays cut their price objective on D.R. Horton from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, D.R. Horton currently has a consensus rating of “Hold” and a consensus price target of $162.92.

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.