Short Interest in D. R. Horton Inc (NYSE:DHI) Drops By 23.0%

D. R. Horton Inc (NYSE:DHI) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,080,000 shares, a drop of 23.0% from the January 15th total of 9,200,000 shares. Based on an average trading volume of 4,260,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.1% of the shares of the company are short sold.

In other D. R. Horton news, COO Michael J. Murray sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.21, for a total transaction of $1,242,225.00. Following the completion of the sale, the chief operating officer now directly owns 151,249 shares in the company, valued at $8,350,457.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 470 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $55.36, for a total transaction of $26,019.20. Following the sale, the director now owns 6,120 shares of the company’s stock, valued at $338,803.20. The disclosure for this sale can be found here. Insiders have sold 68,470 shares of company stock valued at $3,819,364 over the last 90 days. Company insiders own 6.96% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Corient Capital Partners LLC increased its stake in D. R. Horton by 4.0% in the fourth quarter. Corient Capital Partners LLC now owns 5,202 shares of the construction company’s stock valued at $274,000 after acquiring an additional 202 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in D. R. Horton by 2.6% in the third quarter. Outlook Wealth Advisors LLC now owns 8,390 shares of the construction company’s stock valued at $442,000 after acquiring an additional 212 shares during the last quarter. ETRADE Capital Management LLC increased its stake in D. R. Horton by 2.1% in the fourth quarter. ETRADE Capital Management LLC now owns 11,434 shares of the construction company’s stock valued at $603,000 after acquiring an additional 237 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in D. R. Horton by 0.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 27,450 shares of the construction company’s stock valued at $1,447,000 after acquiring an additional 249 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in D. R. Horton by 13.8% in the fourth quarter. Meeder Asset Management Inc. now owns 2,269 shares of the construction company’s stock valued at $119,000 after acquiring an additional 275 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of DHI traded up $0.14 during mid-day trading on Friday, hitting $61.81. 2,252,008 shares of the company’s stock were exchanged, compared to its average volume of 3,937,139. D. R. Horton has a 52 week low of $37.81 and a 52 week high of $62.12. The stock’s 50-day simple moving average is $56.62 and its 200-day simple moving average is $52.81. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 7.13 and a debt-to-equity ratio of 0.36.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Monday, January 27th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.24. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.76 billion. D. R. Horton had a net margin of 9.74% and a return on equity of 16.92%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. Analysts forecast that D. R. Horton will post 5.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be paid a $0.175 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.70 dividend on an annualized basis and a yield of 1.13%. D. R. Horton’s dividend payout ratio (DPR) is 16.32%.

Several brokerages have issued reports on DHI. BTIG Research raised their price objective on shares of D. R. Horton from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Raymond James raised their target price on shares of D. R. Horton from $58.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Goldman Sachs Group assumed coverage on shares of D. R. Horton in a report on Friday, December 6th. They set a “sell” rating and a $51.00 target price on the stock. Evercore ISI raised shares of D. R. Horton to an “outperform” rating in a report on Monday, January 6th. Finally, Barclays raised their target price on shares of D. R. Horton from $61.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. D. R. Horton has an average rating of “Hold” and an average price target of $56.46.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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