Michael Murray Sells 120 Shares of D.R. Horton (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) COO Michael Murray sold 120 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $148.97, for a total transaction of $17,876.40. Following the transaction, the chief operating officer directly owned 122,495 shares of the company’s stock, valued at approximately $18,248,080.15. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

D.R. Horton Trading Up 0.6%

DHI stock opened at $167.26 on Thursday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a current ratio of 6.63, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $153.38 and its 200-day moving average is $157.46. The firm has a market cap of $48.45 billion, a P/E ratio of 15.19, a P/E/G ratio of 2.57 and a beta of 1.44.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 20th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.05. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.66 billion. D.R. Horton had a net margin of 9.95% and a return on equity of 13.51%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 EPS. Equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. D.R. Horton’s dividend payout ratio is currently 16.35%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new position in shares of D.R. Horton in the third quarter valued at about $25,000. Core Wealth Advisors LLC acquired a new stake in D.R. Horton in the 4th quarter worth about $25,000. Canton Hathaway LLC bought a new stake in D.R. Horton in the 3rd quarter valued at about $26,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of D.R. Horton during the 3rd quarter worth approximately $27,000. Finally, Sound Income Strategies LLC bought a new position in shares of D.R. Horton during the fourth quarter worth approximately $27,000. Institutional investors own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $195.00 price objective on shares of D.R. Horton in a report on Tuesday, January 13th. UBS Group set a $163.00 target price on D.R. Horton in a research report on Tuesday, January 27th. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a research report on Tuesday, January 27th. Finally, Evercore increased their price objective on shares of D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.29.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.