D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat sold 2,670 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total transaction of $120,176.70. Following the completion of the transaction, the chief financial officer now owns 101,874 shares of the company’s stock, valued at $4,585,348.74. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of D. R. Horton Inc (NYSE DHI) traded up $0.57 during trading on Wednesday, hitting $45.42. 5,377,609 shares of the company traded hands, compared to its average volume of 5,467,849. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03. The company has a market cap of $16,856.28, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 1.20 and a beta of 1.09. D. R. Horton Inc has a 52 week low of $29.99 and a 52 week high of $53.32.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. equities analysts anticipate that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. D. R. Horton’s payout ratio is 18.73%.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in D. R. Horton by 4.2% during the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after purchasing an additional 1,232,825 shares during the last quarter. Greenhaven Associates Inc. grew its position in D. R. Horton by 0.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock valued at $328,016,000 after purchasing an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP grew its position in D. R. Horton by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock valued at $228,533,000 after purchasing an additional 306,287 shares during the last quarter. Wedge Capital Management L L P NC grew its position in D. R. Horton by 21.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock valued at $134,434,000 after purchasing an additional 588,327 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in D. R. Horton by 615.2% during the 4th quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock valued at $122,758,000 after purchasing an additional 2,067,640 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
Several brokerages have commented on DHI. Buckingham Research upped their price objective on shares of D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Mizuho restated a “hold” rating and issued a $38.00 price objective on shares of D. R. Horton in a report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating and issued a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zelman & Associates lowered shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.69.
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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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