Michael Murray Sells 120 Shares of D.R. Horton (NYSE:DHI) Stock

D.R. Horton, Inc. (NYSE:DHI) COO Michael Murray sold 120 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $148.97, for a total transaction of $17,876.40. Following the completion of the transaction, the chief operating officer directly owned 122,495 shares of the company’s stock, valued at approximately $18,248,080.15. This represents a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

D.R. Horton Stock Performance

Shares of NYSE DHI traded down $2.82 during mid-day trading on Tuesday, hitting $164.96. The stock had a trading volume of 1,007,192 shares, compared to its average volume of 3,550,805. The firm has a market cap of $47.79 billion, a PE ratio of 14.98, a PEG ratio of 2.59 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.98 and a current ratio of 6.63. The company has a 50 day moving average of $152.79 and a two-hundred day moving average of $157.28. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, January 20th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.66 billion. D.R. Horton had a return on equity of 13.51% and a net margin of 9.95%.The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.61 EPS. Research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Concord Wealth Partners acquired a new stake in D.R. Horton in the 3rd quarter valued at $25,000. Core Wealth Advisors LLC purchased a new position in D.R. Horton during the fourth quarter valued at $25,000. Canton Hathaway LLC purchased a new position in D.R. Horton during the third quarter valued at $26,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of D.R. Horton in the third quarter valued at about $27,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of D.R. Horton during the fourth quarter worth about $27,000. 90.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DHI. Citizens Jmp reissued a “market perform” rating on shares of D.R. Horton in a report on Wednesday, January 7th. Evercore boosted their price objective on D.R. Horton from $167.00 to $169.00 and gave the company an “in-line” rating in a report on Wednesday, January 21st. Bank of America set a $158.00 price target on D.R. Horton in a research report on Wednesday, January 21st. Zacks Research lowered D.R. Horton from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.29.

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.