D.R. Horton (NYSE:DHI) Sets New 52-Week High at $163.68

Shares of D.R. Horton, Inc. (NYSE:DHI - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $163.68 and last traded at $163.41, with a volume of 46567 shares. The stock had previously closed at $162.05.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on D.R. Horton from $116.00 to $142.00 and gave the stock an "underperform" rating in a research note on Monday, January 22nd. Raymond James raised their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Barclays raised their target price on D.R. Horton from $143.00 to $166.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 13th. UBS Group lifted their price target on D.R. Horton from $155.00 to $192.00 in a research report on Monday, January 22nd. Finally, Seaport Res Ptn downgraded D.R. Horton from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.65.

D.R. Horton Stock Up 1.6 %

The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $54.61 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 0.90 and a beta of 1.64. The company has a 50-day moving average of $149.10 and a two-hundred day moving average of $133.79.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly 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). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter in the prior year, the firm earned $2.76 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts predict that D.R. Horton, Inc. will post 14.17 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. Stockholders of record on Tuesday, February 6th were paid a $0.30 dividend. The ex-dividend date was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.73%. D.R. Horton's dividend payout ratio is currently 8.63%.

Insider Transactions at D.R. Horton

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in D.R. Horton in the fourth quarter valued at about $38,000. BOKF NA lifted its holdings in D.R. Horton by 873.1% in the fourth quarter. BOKF NA now owns 253 shares of the construction company's stock valued at $38,000 after acquiring an additional 227 shares during the period. Private Wealth Management Group LLC bought a new position in D.R. Horton in the fourth quarter valued at about $42,000. Mascoma Wealth Management LLC raised its stake in shares of D.R. Horton by 345.6% in the third quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company's stock worth $33,000 after buying an additional 235 shares during the period. Finally, BluePath Capital Management LLC bought a new position in shares of D.R. Horton in the third quarter worth about $33,000. Institutional investors own 90.63% of the company's stock.

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.