D.R. Horton, Inc. (NYSE:DHI) Short Interest Update

D.R. Horton, Inc. (NYSE:DHI) was the target of a large decrease in short interest in 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 shares of the stock are short sold. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On D.R. Horton

Several institutional investors and hedge funds have recently bought and sold shares of DHI. Mountaineer Partners Management LLC bought a new stake in shares of D.R. Horton in the 3rd quarter worth approximately $1,853,178,000. FMR LLC grew its position in shares of D.R. Horton by 44.7% in the 3rd quarter. FMR LLC now owns 7,906,129 shares of the construction company’s stock worth $1,508,252,000 after buying an additional 2,442,581 shares during the last quarter. Geode Capital Management LLC grew its position in shares of D.R. Horton by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,235,518 shares of the construction company’s stock worth $1,009,077,000 after buying an additional 127,606 shares during the last quarter. Norges Bank bought a new stake in shares of D.R. Horton in the 4th quarter worth approximately $593,363,000. Finally, Franklin Resources Inc. grew its position in shares of D.R. Horton by 71.5% in the 4th quarter. Franklin Resources Inc. now owns 3,574,409 shares of the construction company’s stock worth $499,774,000 after buying an additional 1,490,648 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DHI. Wells Fargo & Company lowered their price target on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $210.00 price target on shares of D.R. Horton in a report on Wednesday, January 22nd. Citigroup lowered their price target on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. cut D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a report on Friday, December 13th. Finally, Keefe, Bruyette & Woods cut D.R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $200.00 to $183.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $170.93.

D.R. Horton Price Performance

DHI opened at $127.09 on Tuesday. The stock’s 50 day simple moving average is $135.14 and its 200 day simple moving average is $158.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.92 and a quick ratio of 1.09. D.R. Horton has a 1 year low of $124.23 and a 1 year high of $199.85. The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.54 and a beta of 1.80.

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

D.R. Horton Dividend Announcement

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

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.