D.R. Horton Sees Unusually Large Options Volume (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) was the target of some unusual options trading on Monday. Stock traders purchased 5,169 put options on the company. This is an increase of approximately 75% compared to the average volume of 2,950 put options.

D.R. Horton Price Performance

DHI stock traded down $2.99 on Monday, reaching $146.40. 990,272 shares of the company’s stock were exchanged, compared to its average volume of 2,712,666. The stock has a fifty day moving average of $150.54 and a 200-day moving average of $150.44. The firm has a market cap of $41.52 billion, a PE ratio of 13.71, a P/E/G ratio of 2.09 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27. D.R. Horton has a twelve month low of $129.22 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, April 21st. The construction company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion during the quarter, compared to the consensus estimate of $7.55 billion. D.R. Horton had a return on equity of 12.94% and a net margin of 9.51%.D.R. Horton’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 earnings per share. As a group, equities analysts predict that D.R. Horton will post 10.6 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 7th. D.R. Horton’s dividend payout ratio (DPR) is currently 16.87%.

Institutional Trading of D.R. Horton

Institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its position in shares of D.R. Horton by 22.1% in the fourth quarter. Capital World Investors now owns 36,948,434 shares of the construction company’s stock valued at $5,321,849,000 after buying an additional 6,695,592 shares in the last quarter. Norges Bank purchased a new stake in shares of D.R. Horton in the 4th quarter worth about $649,305,000. Boston Partners acquired a new stake in D.R. Horton in the 3rd quarter valued at about $274,784,000. Viking Global Investors LP increased its holdings in D.R. Horton by 108.3% during the 2nd quarter. Viking Global Investors LP now owns 2,827,032 shares of the construction company’s stock valued at $364,461,000 after acquiring an additional 1,469,978 shares in the last quarter. Finally, Amundi increased its holdings in D.R. Horton by 108.3% during the 1st quarter. Amundi now owns 1,602,945 shares of the construction company’s stock valued at $219,956,000 after acquiring an additional 833,359 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DHI. Royal Bank Of Canada increased their price target on D.R. Horton from $117.00 to $123.00 and gave the stock an “underperform” rating in a report on Wednesday, April 22nd. Citigroup boosted their price objective on shares of D.R. Horton from $162.00 to $173.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. UBS Group upped their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Zelman & Associates upgraded shares of D.R. Horton from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 7th. Finally, Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $168.62.

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.