D.R. Horton, Inc. (NYSE:DHI) Short Interest Down 6.3% in November

D.R. Horton, Inc. (NYSE:DHI) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 7,620,000 shares, a decrease of 6.3% from the November 15th total of 8,130,000 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 2,470,000 shares, the days-to-cover ratio is currently 3.1 days.

D.R. Horton Price Performance

Shares of NYSE DHI opened at $146.73 on Wednesday. D.R. Horton has a 1-year low of $133.02 and a 1-year high of $199.85. The business has a 50-day moving average of $169.49 and a 200-day moving average of $169.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market capitalization of $47.13 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.57 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.45 EPS. On average, equities analysts anticipate that D.R. Horton will post 14.17 EPS for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.09%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is presently 11.14%.

Insider Buying and Selling at D.R. Horton

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.74% of the stock is owned by company insiders.

Institutional Trading of D.R. Horton

Institutional investors and hedge funds have recently bought and sold shares of the company. Coastline Trust Co acquired a new stake in D.R. Horton during the third quarter valued at approximately $26,000. Rakuten Securities Inc. raised its position in shares of D.R. Horton by 216.7% during the 3rd quarter. Rakuten Securities Inc. now owns 171 shares of the construction company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Bfsg LLC raised its position in shares of D.R. Horton by 70.5% during the 2nd quarter. Bfsg LLC now owns 179 shares of the construction company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Wolff Wiese Magana LLC raised its position in shares of D.R. Horton by 1,306.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 211 shares of the construction company’s stock worth $40,000 after purchasing an additional 196 shares during the period. Finally, Grove Bank & Trust raised its position in shares of D.R. Horton by 76.2% during the 3rd quarter. Grove Bank & Trust now owns 215 shares of the construction company’s stock worth $41,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DHI. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $188.00 to $156.00 in a report on Friday, December 13th. Raymond James cut D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. UBS Group lowered their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wedbush upgraded D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a report on Tuesday, October 15th. Finally, Bank of America raised their target price on D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $179.60.

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.