D.R. Horton, Inc. (NYSE:DHI) Short Interest Update

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,330,000 shares, an increase of 6.8% from the March 31st total of 4,990,000 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,680,000 shares, the days-to-cover ratio is presently 2.0 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of D.R. Horton from $175.00 to $172.00 and set an "outperform" rating for the company in a research note on Wednesday, January 24th. Jefferies Financial Group lifted their price objective on shares of D.R. Horton from $141.00 to $153.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Raymond James lifted their price objective on shares of D.R. Horton from $140.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. The Goldman Sachs Group boosted their price target on shares of D.R. Horton from $150.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Finally, Citigroup boosted their price target on shares of D.R. Horton from $166.00 to $191.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $158.06.

D.R. Horton Trading Up 2.1 %

DHI stock traded up $2.98 on Thursday, reaching $145.46. The company's stock had a trading volume of 1,779,875 shares, compared to its average volume of 2,543,669. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.38 and a current ratio of 7.35. The firm has a market cap of $47.90 billion, a PE ratio of 9.70, a PEG ratio of 0.71 and a beta of 1.66. The business has a fifty day simple moving average of $152.04 and a two-hundred day simple moving average of $141.14. D.R. Horton has a 12-month low of $100.08 and a 12-month high of $165.75.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 EPS for the quarter, topping the consensus estimate of $3.08 by $0.44. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.32% and a net margin of 13.39%. D.R. Horton's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.73 EPS. As a group, research analysts forecast that D.R. Horton will post 14.31 EPS for the current year.

D.R. Horton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 1st. D.R. Horton's payout ratio is 8.17%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the firm's 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 transaction, the insider now directly owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Barbara K. Allen sold 363 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total value of $53,890.98. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $838,799. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David V. Auld sold 25,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 773,121 shares in the company, valued at approximately $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold a total of 25,812 shares of company stock valued at $4,029,217 in the last ninety days. 1.74% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D.R. Horton

Several large investors have recently modified their holdings of DHI. Rise Advisors LLC purchased a new position in shares of D.R. Horton in the first quarter worth about $27,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the first quarter worth approximately $30,000. BluePath Capital Management LLC acquired a new position in D.R. Horton during the third quarter worth $33,000. Oakworth Capital Inc. purchased a new stake in D.R. Horton in the fourth quarter valued at $38,000. Finally, First Pacific Financial purchased a new stake in D.R. Horton in the third quarter valued at $41,000. 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.