D.R. Horton, Inc. (NYSE:DHI) Short Interest Update

D.R. Horton, Inc. (NYSE:DHI) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 6,780,000 shares, a decline of 15.3% from the February 13th total of 8,000,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is presently 1.9 days. Approximately 2.4% of the company’s shares are sold short.

D.R. Horton Stock Performance

DHI stock traded up $2.63 during mid-day trading on Wednesday, reaching $130.48. 3,162,965 shares of the stock traded hands, compared to its average volume of 3,695,340. D.R. Horton has a 52 week low of $124.23 and a 52 week high of $199.85. The firm has a market capitalization of $41.12 billion, a PE ratio of 9.22, a P/E/G ratio of 0.54 and a beta of 1.80. The business has a 50-day moving average of $134.94 and a two-hundred day moving average of $157.98. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.24. The firm had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.82 earnings per share. As a group, equities analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Friday, February 7th. D.R. Horton’s dividend payout ratio (DPR) is presently 11.31%.

Institutional Investors Weigh In On D.R. Horton

A number of institutional investors have recently added to or reduced their stakes in DHI. Coastline Trust Co acquired a new position in shares of D.R. Horton in the 3rd quarter worth approximately $26,000. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company’s stock valued at $27,000 after acquiring an additional 82 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its holdings in D.R. Horton by 152.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 273 shares of the construction company’s stock valued at $38,000 after purchasing an additional 165 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in D.R. Horton in the fourth quarter valued at about $38,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America cut D.R. Horton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $160.00 to $150.00 in a research report on Monday, January 27th. Keefe, Bruyette & Woods downgraded D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Saturday, January 25th. The Goldman Sachs Group cut their target price on shares of D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded shares of D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $170.93.

About D.R. Horton

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.