D.R. Horton, Inc. (NYSE:DHI) Announces Quarterly Dividend of $0.45

D.R. Horton, Inc. (NYSE:DHI) declared a quarterly dividend on Tuesday, January 20th. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.45 per share by the construction company on Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th.

D.R. Horton has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect D.R. Horton to earn $14.44 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 12.5%.

D.R. Horton Trading Down 1.8%

D.R. Horton stock traded down $2.75 during trading hours on Tuesday, hitting $153.21. The stock had a trading volume of 4,876,653 shares, compared to its average volume of 4,011,768. The business’s 50 day simple moving average is $150.39 and its 200-day simple moving average is $154.83. D.R. Horton has a one year low of $110.44 and a one year high of $184.54. The stock has a market cap of $44.60 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.87 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 6.48 and a debt-to-equity ratio of 0.24.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, January 20th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.05. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.66 billion. D.R. Horton had a return on equity of 14.39% and a net margin of 10.47%.The firm’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.61 earnings per share. On average, equities analysts predict that D.R. Horton will post 13.04 EPS for the current fiscal year.

Institutional Trading of D.R. Horton

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its stake in D.R. Horton by 4.2% in the fourth quarter. Signaturefd LLC now owns 10,841 shares of the construction company’s stock valued at $1,561,000 after purchasing an additional 433 shares in the last quarter. Ascent Group LLC grew its stake in shares of D.R. Horton by 45.6% in the 4th quarter. Ascent Group LLC now owns 4,531 shares of the construction company’s stock valued at $653,000 after buying an additional 1,419 shares during the period. Savvy Advisors Inc. increased its position in D.R. Horton by 39.3% in the 4th quarter. Savvy Advisors Inc. now owns 3,221 shares of the construction company’s stock valued at $464,000 after buying an additional 908 shares in the last quarter. Whalen Wealth Management Inc. increased its position in D.R. Horton by 39.3% in the 4th quarter. Whalen Wealth Management Inc. now owns 5,566 shares of the construction company’s stock valued at $802,000 after buying an additional 1,569 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in D.R. Horton during the 4th quarter worth approximately $2,656,000. Institutional investors own 90.63% of the company’s stock.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.