Insider Selling: D.R. Horton, Inc. (NYSE:DHI) Director Sells $53,890.98 in Stock

D.R. Horton, Inc. (NYSE:DHI) Director Barbara K. Allen sold 363 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $838,799. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

D.R. Horton Stock Down 1.3 %

NYSE:DHI opened at $144.20 on Friday. The stock’s fifty day moving average price is $151.91 and its two-hundred day moving average price is $139.83. D.R. Horton, Inc. has a 52-week low of $100.08 and a 52-week high of $165.75. 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 cap of $47.85 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.73 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.73 earnings per share. On average, analysts anticipate that D.R. Horton, Inc. will post 14.27 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. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. D.R. Horton’s dividend payout ratio is 8.17%.

Wall Street Analyst Weigh In

DHI has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Citigroup lifted their price objective on D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. The Goldman Sachs Group lifted their price objective on D.R. Horton from $150.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Bank of America lowered their price target on D.R. Horton from $182.00 to $168.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Finally, JMP Securities boosted their price target on D.R. Horton from $140.00 to $170.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, D.R. Horton currently has an average rating of “Moderate Buy” and a consensus target price of $158.06.

Hedge Funds Weigh In On D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in DHI. Rise Advisors LLC bought a new position in shares of D.R. Horton during the first quarter worth $27,000. Riverview Trust Co bought a new stake in D.R. Horton during the 1st quarter worth about $30,000. BluePath Capital Management LLC bought a new stake in D.R. Horton during the 3rd quarter worth about $33,000. Oakworth Capital Inc. acquired a new position in shares of D.R. Horton during the 4th quarter worth about $38,000. Finally, First Pacific Financial acquired a new position in shares of D.R. Horton during the 3rd quarter worth about $41,000. 90.63% of the stock is owned by institutional investors.

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.