D.R. Horton, Inc. (NYSE:DHI) Sees Large Drop in Short Interest

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 7,610,000 shares, a decrease of 13.7% from the April 30th total of 8,820,000 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average daily trading volume, of 3,670,000 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DHI. Barclays decreased their price target on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Bank of America decreased their target price on shares of D.R. Horton from $150.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Softer demand and elevated incentives impacting outlook through H2 2025 JPMorgan Chase & Co. cut their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Royal Bank of Canada reduced their price objective on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating for the company in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $151.15.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently modified their holdings of DHI. Allworth Financial LP grew its stake in D.R. Horton by 5.5% in the 4th quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock worth $229,000 after acquiring an additional 82 shares during the period. Nemes Rush Group LLC boosted 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 worth $27,000 after purchasing an additional 82 shares during the last quarter. Horizon Investments LLC grew its position in shares of D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company's stock valued at $708,000 after purchasing an additional 83 shares during the period. Azzad Asset Management Inc. ADV increased its stake in D.R. Horton by 1.0% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock valued at $1,221,000 after purchasing an additional 89 shares during the last quarter. Finally, Bfsg LLC increased its stake in D.R. Horton by 24.4% in the fourth quarter. Bfsg LLC now owns 484 shares of the construction company's stock valued at $68,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

D.R. Horton Price Performance

DHI stock traded down $1.96 on Friday, reaching $120.78. The company had a trading volume of 2,338,182 shares, compared to its average volume of 3,029,359. The company's fifty day moving average is $122.14 and its 200 day moving average is $134.45. The company has a market cap of $37.10 billion, a P/E ratio of 8.54, a PEG ratio of 0.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.09 and a current ratio of 6.92. D.R. Horton has a 1 year low of $110.44 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The construction company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $8.07 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. During the same period last year, the firm earned $3.52 earnings per share. On average, research analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. D.R. Horton's dividend payout ratio (DPR) is presently 12.11%.

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.