D. R. Horton Inc (NYSE:DHI) – Analysts at Wedbush raised their Q1 2019 EPS estimates for shares of D. R. Horton in a research note issued to investors on Wednesday. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $0.85 per share for the quarter, up from their prior forecast of $0.84. Wedbush has a “Neutral” rating and a $50.00 price objective on the stock. Wedbush also issued estimates for D. R. Horton’s Q2 2019 earnings at $0.98 EPS, Q3 2019 earnings at $1.24 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $4.48 EPS.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, November 9th. The construction company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4 billion. D. R. Horton had a return on equity of 14.13% and a net margin of 7.37%. D. R. Horton’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS.
Shares of D. R. Horton (DHI) traded down $0.13 during trading hours on Thursday, hitting $51.91. The stock had a trading volume of 1,781,001 shares, compared to its average volume of 3,490,000. The stock has a market cap of $19,520.00, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. D. R. Horton has a fifty-two week low of $27.97 and a fifty-two week high of $53.32.
Several institutional investors have recently modified their holdings of the business. Appleton Partners Inc. MA lifted its stake in shares of D. R. Horton by 17.1% during the 4th quarter. Appleton Partners Inc. MA now owns 14,399 shares of the construction company’s stock worth $735,000 after purchasing an additional 2,105 shares during the period. Grassi Investment Management purchased a new position in shares of D. R. Horton during the 4th quarter worth $212,000. Jaffetilchin Investment Partners LLC purchased a new position in shares of D. R. Horton during the 4th quarter worth $1,320,000. Shelton Capital Management increased its holdings in shares of D. R. Horton by 80.3% during the 3rd quarter. Shelton Capital Management now owns 132,695 shares of the construction company’s stock worth $5,299,000 after buying an additional 59,100 shares during the last quarter. Finally, Optimum Investment Advisors increased its holdings in shares of D. R. Horton by 112.2% during the 3rd quarter. Optimum Investment Advisors now owns 31,350 shares of the construction company’s stock worth $1,252,000 after buying an additional 16,575 shares during the last quarter. 83.94% of the stock is currently owned by institutional investors.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $287,160. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the transaction, the chief financial officer now directly owns 100,081 shares in the company, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,677 shares of company stock worth $1,410,293. Corporate insiders own 7.20% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.125 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.96%. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio is presently 18.25%.
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D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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