Short Interest in D.R. Horton, Inc. (NYSE:DHI) Declines By 15.3%

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 6,780,000 shares, a drop of 15.3% from the February 13th total of 8,000,000 shares. Based on an average daily trading volume, of 3,620,000 shares, the short-interest ratio is presently 1.9 days. Approximately 2.4% of the shares of the stock are short sold.

D.R. Horton Trading Down 1.8 %

Shares of NYSE:DHI traded down $2.36 on Friday, hitting $128.77. The company had a trading volume of 7,753,724 shares, compared to its average volume of 2,689,231. The firm's 50-day simple moving average is $134.57 and its two-hundred day simple moving average is $157.60. The firm has a market capitalization of $40.58 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.54 and a beta of 1.80. The company has a quick ratio of 1.09, a current ratio of 6.92 and a debt-to-equity ratio of 0.20. D.R. Horton has a 1 year low of $124.23 and a 1 year high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The construction company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.37 by $0.24. D.R. Horton had a net margin of 12.69% and a return on equity of 18.48%. The business had revenue of $7.61 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business posted $2.82 earnings per share. D.R. Horton's quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts anticipate that D.R. Horton will post 13.04 earnings per share for the current fiscal year.

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D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton's payout ratio is 11.31%.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHI. Insigneo Advisory Services LLC increased its stake in shares of D.R. Horton by 1.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 3,644 shares of the construction company's stock worth $695,000 after acquiring an additional 67 shares in the last quarter. Private Trust Co. NA grew its holdings in D.R. Horton by 1.0% in the third quarter. Private Trust Co. NA now owns 7,620 shares of the construction company's stock worth $1,454,000 after purchasing an additional 78 shares during the period. Allworth Financial LP increased its stake in shares of D.R. Horton by 5.5% during the fourth quarter. Allworth Financial LP now owns 1,561 shares of the construction company's stock valued at $229,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in shares of D.R. Horton by 74.5% during the fourth quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock valued at $27,000 after purchasing an additional 82 shares during the last quarter. Finally, Secure Asset Management LLC boosted its position in shares of D.R. Horton by 4.8% in the 4th quarter. Secure Asset Management LLC now owns 1,836 shares of the construction company's stock worth $257,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of D.R. Horton from $214.00 to $203.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on shares of D.R. Horton from $200.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods downgraded shares of D.R. Horton from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $200.00 to $183.00 in a research note on Tuesday, December 10th. Citigroup reduced their price objective on D.R. Horton from $185.00 to $152.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Barclays lowered their target price on D.R. Horton from $150.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.