D.R. Horton (NYSE:DHI) Shares Gap Down to $137.02

D.R. Horton, Inc. (NYSE:DHI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $137.02, but opened at $134.00. D.R. Horton shares last traded at $135.25, with a volume of 399,801 shares traded.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America lowered their price objective on D.R. Horton from $182.00 to $168.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group upped their price target on shares of D.R. Horton from $141.00 to $153.00 and gave the company a “hold” rating in a report on Friday, April 19th. Wedbush reiterated an “underperform” rating and set a $130.00 price target on shares of D.R. Horton in a report on Thursday, April 18th. Citigroup lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $181.00 to $156.00 in a report on Tuesday. Finally, Royal Bank of Canada lowered their price target on shares of D.R. Horton from $142.00 to $141.00 and set an “underperform” rating for the company in a report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $156.75.

D.R. Horton Stock Up 0.5 %

The company has a current ratio of 7.35, a quick ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $44.77 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.71. The company’s fifty day simple moving average is $144.72 and its 200 day simple moving average is $148.40.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.44. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a net margin of 13.39% and a return on equity of 21.32%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.73 EPS. Research analysts expect that D.R. Horton, Inc. will post 14.26 EPS for the current year.

D.R. Horton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 9th. Stockholders of record on Thursday, May 2nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, May 1st. D.R. Horton’s dividend payout ratio is presently 8.17%.

Insider Transactions at D.R. Horton

In other news, Director Michael R. Buchanan sold 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total value of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Michael R. Buchanan sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $150.70, for a total transaction of $301,400.00. Following the sale, the director now directly owns 1,703 shares of the company’s stock, valued at approximately $256,642.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 363 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $148.46, for a total transaction of $53,890.98. Following the sale, the director now directly owns 5,650 shares in the company, valued at $838,799. The disclosure for this sale can be found here. Insiders own 1.74% of the company’s stock.

Institutional Trading of D.R. Horton

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in D.R. Horton by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 34,856,397 shares of the construction company’s stock valued at $5,735,620,000 after purchasing an additional 2,474,262 shares during the last quarter. Greenhaven Associates Inc. raised its position in D.R. Horton by 1.0% in the 4th quarter. Greenhaven Associates Inc. now owns 3,547,948 shares of the construction company’s stock worth $539,217,000 after buying an additional 34,366 shares during the last quarter. Norges Bank purchased a new position in D.R. Horton in the 4th quarter worth about $516,530,000. Morgan Stanley raised its position in D.R. Horton by 3.4% in the 3rd quarter. Morgan Stanley now owns 3,254,275 shares of the construction company’s stock worth $349,737,000 after buying an additional 106,074 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in D.R. Horton by 21.7% in the 4th quarter. Pacer Advisors Inc. now owns 2,714,195 shares of the construction company’s stock worth $412,503,000 after buying an additional 484,058 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

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.