D. R. Horton Inc (NYSE:DHI) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 11,857,200 shares, a decrease of 11.2% from the June 15th total of 13,358,100 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,600,000 shares, the days-to-cover ratio is currently 3.3 days.

Large investors have recently made changes to their positions in the stock. Focused Wealth Management Inc bought a new position in shares of D. R. Horton during the 1st quarter valued at approximately $25,000. Front Row Advisors LLC boosted its stake in D. R. Horton by 873.5% in the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock worth $33,000 after purchasing an additional 725 shares during the period. Ropes Wealth Advisors LLC bought a new position in D. R. Horton in the 1st quarter worth approximately $37,000. Parallel Advisors LLC boosted its stake in D. R. Horton by 64.5% in the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after purchasing an additional 354 shares during the period. Finally, Cornerstone Advisors Inc. boosted its stake in D. R. Horton by 268.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares during the period. Institutional investors own 87.32% of the company’s stock.

Several brokerages have recently issued reports on DHI. JMP Securities set a $79.00 target price on shares of LGI Homes and gave the stock a “buy” rating in a report on Tuesday, April 9th. KeyCorp cut their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Buckingham Research lifted their price target on shares of PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and cut their price target for the company from $45.66 to $37.30 in a report on Monday, April 22nd. Finally, Royal Bank of Canada set a $147.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $47.23.

Shares of DHI traded down $0.50 during trading hours on Monday, hitting $44.00. The company had a trading volume of 3,614,902 shares, compared to its average volume of 5,109,750. The company’s fifty day moving average is $44.54. The company has a quick ratio of 0.83, a current ratio of 7.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $16.61 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.13. D. R. Horton has a 52-week low of $32.39 and a 52-week high of $47.02.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.04 billion. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, sell-side analysts predict that D. R. Horton will post 3.91 EPS for the current year.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

Further Reading: What can cause a stock to outperform?

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.