D.R. Horton, Inc. (NYSE:DHI) Short Interest Up 11.7% in October

D.R. Horton, Inc. (NYSE:DHI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 6,190,000 shares, an increase of 11.7% from the October 15th total of 5,540,000 shares. Based on an average daily trading volume, of 2,340,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. TCI Wealth Advisors Inc. raised its holdings in D.R. Horton by 4.1% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 1,487 shares of the construction company’s stock valued at $284,000 after acquiring an additional 58 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of D.R. Horton by 1.0% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,186 shares of the construction company’s stock worth $872,000 after acquiring an additional 59 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of D.R. Horton by 1.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 5,245 shares of the construction company’s stock worth $739,000 after acquiring an additional 60 shares in the last quarter. Whittier Trust Co. raised its position in D.R. Horton by 1.7% during the second quarter. Whittier Trust Co. now owns 3,693 shares of the construction company’s stock valued at $520,000 after purchasing an additional 63 shares in the last quarter. Finally, Values First Advisors Inc. grew its position in D.R. Horton by 0.7% in the second quarter. Values First Advisors Inc. now owns 8,878 shares of the construction company’s stock valued at $1,251,000 after acquiring an additional 66 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lowered their price objective on D.R. Horton from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Raymond James lowered D.R. Horton from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Evercore ISI lowered their target price on D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a report on Wednesday, October 30th. BTIG Research lowered their target price on D.R. Horton from $190.00 to $186.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group lowered their target price on D.R. Horton from $217.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average price target of $185.87.

D.R. Horton Price Performance

Shares of DHI traded down $0.16 on Monday, hitting $161.45. The company’s stock had a trading volume of 1,899,062 shares, compared to its average volume of 2,515,182. The company has a 50 day moving average price of $181.88 and a 200 day moving average price of $167.23. D.R. Horton has a fifty-two week low of $125.28 and a fifty-two week high of $199.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.32 and a quick ratio of 1.61. The company has a market capitalization of $52.61 billion, a PE ratio of 11.24, a PEG ratio of 0.57 and a beta of 1.74.

D.R. Horton (NYSE:DHI) 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). The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.22 billion. D.R. Horton had a net margin of 12.93% and a return on equity of 19.24%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.45 EPS. On average, research analysts anticipate that D.R. Horton will post 14.54 earnings per share for the current fiscal year.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. 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.