D.R. Horton, Inc. (NYSE:DHI) Plans Quarterly Dividend of $0.30

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) declared a quarterly dividend on Thursday, April 18th, RTT News reports. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.30 per share by the construction company on Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.82%.

D.R. Horton has raised its dividend by an average of 13.1% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a dividend payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect D.R. Horton to earn $15.65 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 7.7%.

D.R. Horton Stock Up 0.1 %

Shares of DHI stock traded up $0.17 during trading hours on Thursday, reaching $145.91. 5,502,571 shares of the company's stock were exchanged, compared to its average volume of 2,570,038. The stock's 50 day moving average is $151.97 and its 200-day moving average is $138.42. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. 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 fifty-two week low of $100.08 and a fifty-two week high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.43. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. During the same period in the prior year, the firm earned $2.73 EPS. The firm's revenue was up 14.2% on a year-over-year basis. Analysts predict that D.R. Horton will post 14.24 earnings per share for the current fiscal year.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,197 shares of company stock worth $4,225,745. Insiders own 1.74% of the company's stock.

Institutional Trading of D.R. Horton

Hedge funds and other institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co increased its holdings in shares of D.R. Horton by 15.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,881 shares of the construction company's stock worth $127,000 after buying an additional 250 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in D.R. Horton by 28.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 805 shares of the construction company's stock valued at $122,000 after buying an additional 179 shares during the period. Brown Brothers Harriman & Co. boosted its position in D.R. Horton by 2,462.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,563 shares of the construction company's stock valued at $116,000 after buying an additional 1,502 shares during the period. Zions Bancorporation N.A. boosted its position in D.R. Horton by 611.8% in the 1st quarter. Zions Bancorporation N.A. now owns 1,331 shares of the construction company's stock valued at $99,000 after buying an additional 1,144 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new position in D.R. Horton in the 4th quarter valued at approximately $96,000. Institutional investors and hedge funds own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DHI. The Goldman Sachs Group upped their target price on D.R. Horton from $150.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Citigroup upped their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a report on Friday, April 5th. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday. JMP Securities upped their price target on shares of D.R. Horton from $140.00 to $170.00 and gave the company a "market outperform" rating in a report on Wednesday, January 24th. Finally, UBS Group upped their price target on shares of D.R. Horton from $155.00 to $192.00 in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.00.

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.