Stock Traders Purchase Large Volume of Put Options on D.R. Horton (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 9,129 put options on the company. This is an increase of 76% compared to the average daily volume of 5,195 put options.

Insiders Place Their Bets

In related news, SVP Aron M. Odom sold 260 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at approximately $1,081,870.35. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hemington Wealth Management grew its position in D.R. Horton by 22.1% in the 3rd quarter. Hemington Wealth Management now owns 353 shares of the construction company’s stock worth $59,000 after purchasing an additional 64 shares during the last quarter. Mutual Advisors LLC grew its position in D.R. Horton by 4.0% in the 3rd quarter. Mutual Advisors LLC now owns 1,819 shares of the construction company’s stock worth $288,000 after purchasing an additional 70 shares during the last quarter. First Manhattan CO. LLC. grew its position in D.R. Horton by 2.0% in the 4th quarter. First Manhattan CO. LLC. now owns 3,546 shares of the construction company’s stock worth $511,000 after purchasing an additional 70 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in D.R. Horton by 17.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 471 shares of the construction company’s stock worth $80,000 after purchasing an additional 71 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in D.R. Horton by 11.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 716 shares of the construction company’s stock worth $103,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of NYSE:DHI traded down $1.93 on Tuesday, reaching $143.03. 1,034,960 shares of the company’s stock were exchanged, compared to its average volume of 2,910,912. The firm has a market capitalization of $40.56 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.07 and a beta of 1.41. D.R. Horton has a fifty-two week low of $114.17 and a fifty-two week high of $184.54. The business’s 50-day moving average is $145.77 and its two-hundred day moving average is $150.27. The company has a quick ratio of 0.97, a current ratio of 6.46 and a debt-to-equity ratio of 0.27.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.09. The company had revenue of $7.56 billion for the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 earnings per share. As a group, equities research analysts forecast that D.R. Horton will post 10.57 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th will be given a $0.45 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 1.3%. D.R. Horton’s dividend payout ratio is 16.87%.

Analyst Ratings Changes

A number of research firms recently weighed in on DHI. The Goldman Sachs Group raised their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Barclays increased their price objective on shares of D.R. Horton from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Truist Financial increased their price objective on shares of D.R. Horton from $140.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. Finally, UBS Group increased their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $168.54.

D.R. Horton Company Profile

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.