Short Interest in D.R. Horton, Inc. (NYSE:DHI) Declines By 6.3%

D.R. Horton, Inc. (NYSE:DHI - Get Free Report) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 7,620,000 shares, a decrease of 6.3% from the November 15th total of 8,130,000 shares. Currently, 2.7% of the company's shares are sold short. Based on an average daily volume of 2,470,000 shares, the days-to-cover ratio is presently 3.1 days.

Insider Transactions at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total value of $921,515.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.74% of the company's stock.

Institutional Trading of D.R. Horton

Institutional investors have recently made changes to their positions in the stock. Brookstone Capital Management purchased a new stake in D.R. Horton in the second quarter worth approximately $1,856,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of D.R. Horton in the second quarter worth $458,000. Apollon Wealth Management LLC grew its holdings in shares of D.R. Horton by 16.2% in the second quarter. Apollon Wealth Management LLC now owns 20,337 shares of the construction company's stock worth $2,866,000 after acquiring an additional 2,828 shares during the period. First Horizon Advisors Inc. lifted its holdings in D.R. Horton by 5.3% in the second quarter. First Horizon Advisors Inc. now owns 1,417 shares of the construction company's stock valued at $200,000 after acquiring an additional 71 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in D.R. Horton by 14.0% in the second quarter. First Citizens Bank & Trust Co. now owns 1,591 shares of the construction company's stock worth $224,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DHI. Wells Fargo & Company cut their price target on shares of D.R. Horton from $220.00 to $190.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada reduced their price target on shares of D.R. Horton from $154.00 to $145.00 and set an "underperform" rating on the stock in a research report on Wednesday, October 30th. Bank of America raised their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. UBS Group reduced their target price on D.R. Horton from $217.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Raymond James cut D.R. Horton from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $180.60.

D.R. Horton Stock Down 1.5 %

Shares of NYSE DHI traded down $2.28 during midday trading on Monday, hitting $147.59. The stock had a trading volume of 4,144,165 shares, compared to its average volume of 2,520,904. The business's 50 day moving average is $171.02 and its 200-day moving average is $169.15. D.R. Horton has a 52 week low of $133.02 and a 52 week high of $199.85. The company has a quick ratio of 1.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.23. The company has a market cap of $47.40 billion, a P/E ratio of 10.44, a PEG ratio of 0.57 and a beta of 1.71.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $3.92 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.25). D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the prior year, the business posted $4.45 earnings per share. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, analysts predict that D.R. Horton will post 14.17 EPS for the current year.

D.R. Horton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.60 annualized dividend and a yield of 1.08%. This is a boost from D.R. Horton's previous quarterly dividend of $0.30. D.R. Horton's dividend payout ratio is currently 11.14%.

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.

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