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

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Thursday, April 18th, RTT News reports. Investors of record on Thursday, May 2nd will be given 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 yield of 0.82%.

D.R. Horton has increased its dividend by an average of 13.1% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of DHI stock opened at $145.91 on Friday. The stock’s fifty day moving average is $151.97 and its 200-day moving average is $138.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton has a 52 week low of $100.08 and a 52 week high of $165.75. The stock has a market capitalization of $48.42 billion, a PE ratio of 10.50, a PEG ratio of 0.72 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.43. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $8.15 billion. During the same quarter last year, the company posted $2.73 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that D.R. Horton will post 14.24 EPS for the current fiscal year.

Insider Activity

In related news, insider David V. Auld sold 25,000 shares of the 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 sale, 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 document filed with the SEC, which is available through the SEC website. In related news, insider David V. Auld sold 25,000 shares of the business’s stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 449 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $844,053.50. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last 90 days. Corporate insiders own 1.74% of the company’s stock.

Institutional Investors Weigh In On D.R. Horton

Several institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co raised its holdings in shares of D.R. Horton by 15.3% in the third quarter. CENTRAL TRUST Co now owns 1,881 shares of the construction company’s stock valued at $127,000 after purchasing an additional 250 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its stake 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 last quarter. Brown Brothers Harriman & Co. lifted its position in D.R. Horton by 2,462.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,563 shares of the construction company’s stock worth $116,000 after buying an additional 1,502 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in shares of D.R. Horton by 611.8% during the 1st quarter. Zions Bancorporation N.A. now owns 1,331 shares of the construction company’s stock worth $99,000 after buying an additional 1,144 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in D.R. Horton during the fourth quarter valued at approximately $96,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. Royal Bank of Canada increased their price objective on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a research report on Monday, January 22nd. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. The Goldman Sachs Group upped their target price on shares of D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. BTIG Research lowered their price target on shares of D.R. Horton from $174.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays increased their price objective on shares of D.R. Horton from $166.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. 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 stock. Based on data from MarketBeat, the company 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.