Short Interest in D.R. Horton, Inc. (NYSE:DHI) Rises By 6.9%

D.R. Horton, Inc. (NYSE:DHI) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,990,000 shares, an increase of 6.9% from the March 15th total of 4,670,000 shares. Based on an average daily volume of 2,490,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.7% of the shares of the company are sold short.

Insider Activity at D.R. Horton

In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 in the last three months. Company insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DHI. Rise Advisors LLC acquired a new stake in shares of D.R. Horton during the first quarter worth about $27,000. Clear Street Markets LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton during the first quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton during the first quarter worth about $30,000. Finally, Mascoma Wealth Management LLC lifted its position in shares of D.R. Horton by 345.6% during the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DHI shares. JMP Securities upped their price objective on shares of D.R. Horton from $140.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 24th. Citigroup upped their price objective on shares of D.R. Horton from $166.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group increased their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Royal Bank of Canada increased their target price on shares of D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.00.

D.R. Horton Trading Down 0.2 %

Shares of DHI opened at $145.74 on Thursday. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $165.75. The firm has a 50-day moving average price of $151.94 and a 200 day moving average price of $138.37. The firm has a market capitalization of $48.36 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.74 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.06). The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $2.76 EPS. Sell-side analysts forecast that D.R. Horton will post 14.24 EPS for the current year.

D.R. Horton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is presently 8.63%.

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.