D. R. Horton Inc (NYSE:DHI) Chairman Donald R. Horton sold 178,200 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.06, for a total value of $7,851,492.00. Following the completion of the sale, the chairman now owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
D. R. Horton Inc (NYSE:DHI) opened at $44.85 on Wednesday. D. R. Horton Inc has a twelve month low of $29.95 and a twelve month high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16,860.00, a P/E ratio of 16.74, a PEG ratio of 1.18 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the firm posted $0.55 EPS. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. D. R. Horton’s payout ratio is presently 18.66%.
Institutional investors and hedge funds have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. acquired a new stake in D. R. Horton during the 4th quarter valued at $110,000. Advisory Services Network LLC increased its holdings in D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2,250 shares in the last quarter. Calton & Associates Inc. acquired a new stake in D. R. Horton during the 4th quarter valued at $193,000. IBM Retirement Fund acquired a new stake in D. R. Horton during the 3rd quarter valued at $201,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in D. R. Horton during the 4th quarter valued at $204,000. 80.43% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on DHI shares. UBS Group raised their price objective on D. R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $51.00 price objective on shares of D. R. Horton in a research report on Sunday, November 12th. KeyCorp raised their price objective on D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods downgraded D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Finally, Wedbush downgraded D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. D. R. Horton has an average rating of “Hold” and an average price target of $52.69.
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About D. R. Horton
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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