Aron Odom Sells 260 Shares of D.R. Horton (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) SVP Aron Odom sold 260 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $167.55, for a total transaction of $43,563.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,081,870.35. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

D.R. Horton Price Performance

Shares of NYSE DHI 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 stock has a market capitalization 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. The company’s 50-day moving average is $153.38 and its 200 day moving average is $157.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 6.63 and a quick ratio of 0.98.

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

D.R. Horton Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DHI. UBS Group set a $163.00 target price on D.R. Horton in a research report on Tuesday, January 27th. BTIG Research set a $182.00 target price on shares of D.R. Horton in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods reissued a “reduce” rating on shares of D.R. Horton in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $195.00 price objective on shares of D.R. Horton in a research note on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $160.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Capital World Investors raised its holdings in shares of D.R. Horton by 159.8% in the third quarter. Capital World Investors now owns 30,252,842 shares of the construction company’s stock worth $5,126,995,000 after acquiring an additional 18,607,545 shares during the last quarter. Norges Bank acquired a new position in D.R. Horton in the 4th quarter valued at about $649,305,000. Capital International Investors purchased a new position in D.R. Horton in the 3rd quarter valued at about $395,179,000. Boston Partners acquired a new stake in shares of D.R. Horton during the 3rd quarter worth about $274,784,000. Finally, Berkshire Hathaway Inc purchased a new stake in shares of D.R. Horton during the second quarter worth about $191,491,000. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.