D.R. Horton, Inc. (NYSE:DHI) Plans Quarterly Dividend of $0.40

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Stockholders of record on Thursday, August 7th will be given a dividend of 0.40 per share by the construction company on Thursday, August 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 7th.

D.R. Horton has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect D.R. Horton to earn $14.44 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 11.1%.

D.R. Horton Stock Performance

Shares of D.R. Horton stock traded down $0.64 on Friday, reaching $144.07. 1,132,382 shares of the company traded hands, compared to its average volume of 3,786,259. D.R. Horton has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a 50 day moving average of $127.61 and a 200 day moving average of $129.17. The firm has a market capitalization of $44.25 billion, a PE ratio of 11.55, a PEG ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.15.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. D.R. Horton's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $4.10 EPS. Equities analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the transaction, the director directly owned 2,193 shares in the company, valued at $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

A hedge fund recently raised its stake in D.R. Horton stock. Geneos Wealth Management Inc. lifted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 295.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 609 shares of the construction company's stock after acquiring an additional 455 shares during the period. Geneos Wealth Management Inc.'s holdings in D.R. Horton were worth $77,000 at the end of the most recent reporting period. Institutional investors own 90.63% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays cut their price target on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods boosted their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a "market perform" rating in a research report on Thursday. Wall Street Zen upgraded shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. BTIG Research lowered their price objective on shares of D.R. Horton from $171.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Their comments are based on a broader research note on Homebuilders ahead of the industry’s start of the earnings season. The firm is projecting a 7% decline in U.S. new home sales and a 27% average decline in earnings due to lower consumer confidence as a result of heightened uncertainty about the future in terms of both income/job security and cost of living along with still-relatively high interest rates. Finally, Bank of America decreased their price objective 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 Two 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. According to MarketBeat.com, D.R. Horton currently has a consensus rating of "Hold" and an average price target of $153.23.

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.