D. R. Horton Inc (NYSE:DHI) insider David V. Auld sold 4,455 shares of D. R. Horton stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $45.30, for a total value of $201,811.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
D. R. Horton Inc (DHI) opened at $45.57 on Friday. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. D. R. Horton Inc has a twelve month low of $30.10 and a twelve month high of $53.32. The stock has a market capitalization of $17,130.72, a PE ratio of 15.45, a P/E/G ratio of 1.22 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given 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 yield of 1.10%. D. R. Horton’s payout ratio is 18.73%.
A number of research analysts have issued reports on the company. ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a report on Tuesday, January 9th. Credit Suisse Group reissued an “outperform” rating and set a $60.00 price objective (up from $52.00) on shares of D. R. Horton in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, UBS Group reissued a “buy” rating and set a $58.00 price objective (up from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.69.
A number of hedge funds have recently made changes to their positions in the stock. HM Payson & Co. acquired a new stake in D. R. Horton in the fourth quarter worth about $1,008,000. Banco de Sabadell S.A acquired a new stake in D. R. Horton in the fourth quarter worth about $7,023,000. MetLife Investment Advisors LLC acquired a new stake in D. R. Horton in the fourth quarter worth about $5,393,000. Element Capital Management LLC acquired a new stake in D. R. Horton in the fourth quarter worth about $28,543,000. Finally, Macquarie Group Ltd. increased its position in D. R. Horton by 5.9% in the fourth quarter. Macquarie Group Ltd. now owns 379,554 shares of the construction company’s stock worth $21,075,000 after purchasing an additional 21,123 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.
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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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