D.R. Horton, Inc. (NYSE:DHI) Short Interest Down 6.3% in November

D.R. Horton, Inc. (NYSE:DHI) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 7,620,000 shares, a decrease of 6.3% from the November 15th total of 8,130,000 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 2,470,000 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DHI shares. Wells Fargo & Company lowered their target price on shares of D.R. Horton from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada dropped their price objective on D.R. Horton from $154.00 to $145.00 and set an “underperform” rating for the company in a research note on Wednesday, October 30th. UBS Group decreased their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $188.00 to $156.00 in a research note on Friday. Finally, BTIG Research reduced their price objective on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.60.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $2.28 during trading hours on Monday, reaching $147.59. The company’s stock had a trading volume of 4,144,165 shares, compared to its average volume of 2,520,904. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. D.R. Horton has a one year low of $133.02 and a one year high of $199.85. The firm has a 50 day moving average price of $171.02 and a 200-day moving average price of $169.15. The stock has a market cap of $47.40 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.71.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.25). The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. On average, analysts predict that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.08%. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, November 12th. D.R. Horton’s payout ratio is presently 11.14%.

Insiders Place Their Bets

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DHI. KBC Group NV grew its holdings in D.R. Horton by 360.0% during the 3rd quarter. KBC Group NV now owns 271,038 shares of the construction company’s stock valued at $51,706,000 after purchasing an additional 212,112 shares during the last quarter. Legacy CG LLC purchased a new position in shares of D.R. Horton during the third quarter valued at approximately $4,220,000. Toronto Dominion Bank raised its holdings in shares of D.R. Horton by 17.3% in the third quarter. Toronto Dominion Bank now owns 104,969 shares of the construction company’s stock worth $20,025,000 after buying an additional 15,460 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of D.R. Horton by 904.4% in the third quarter. Benjamin Edwards Inc. now owns 40,847 shares of the construction company’s stock worth $7,795,000 after buying an additional 36,780 shares during the period. Finally, Schear Investment Advisers LLC bought a new stake in shares of D.R. Horton during the 3rd quarter worth approximately $1,308,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Company Profile

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.