D.R. Horton, Inc. (NYSE:DHI) Sees Significant Decline in Short Interest

D.R. Horton, Inc. (NYSE:DHI) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 6,780,000 shares, a decrease of 15.3% from the February 13th total of 8,000,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 3,620,000 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DHI. Principal Financial Group Inc. grew its stake in shares of D.R. Horton by 7.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,777,920 shares of the construction company’s stock worth $339,174,000 after acquiring an additional 120,892 shares during the period. Harbour Investments Inc. lifted its holdings in D.R. Horton by 409.5% during the 3rd quarter. Harbour Investments Inc. now owns 1,014 shares of the construction company’s stock worth $193,000 after purchasing an additional 815 shares in the last quarter. Coastline Trust Co purchased a new stake in D.R. Horton during the 3rd quarter worth about $26,000. Natixis Advisors LLC lifted its holdings in D.R. Horton by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 211,175 shares of the construction company’s stock worth $40,285,000 after purchasing an additional 23,893 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in D.R. Horton during the 3rd quarter worth about $17,456,000. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.2 %

Shares of NYSE:DHI opened at $127.09 on Tuesday. The company has a market capitalization of $40.05 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. The business has a fifty day moving average price of $135.14 and a two-hundred day moving average price of $158.41. D.R. Horton has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, January 21st. The construction company reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.24. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.12 billion. D.R. Horton had a return on equity of 18.48% and a net margin of 12.69%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Analysts forecast that D.R. Horton will post 13.04 earnings per share for the current year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, February 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. D.R. Horton’s payout ratio is 11.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DHI shares. Royal Bank of Canada reaffirmed an “underperform” rating and set a $125.00 target price on shares of D.R. Horton in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $188.00 to $156.00 in a research report on Friday, December 13th. The Goldman Sachs Group decreased their price target on D.R. Horton from $200.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn upgraded D.R. Horton from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Wedbush reiterated a “neutral” rating and set a $180.00 price target on shares of D.R. Horton in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $170.93.

About D.R. Horton

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.