D. R. Horton Inc (NYSE:DHI) Director Barbara K. Allen sold 2,423 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $45.73, for a total transaction of $110,803.79. Following the transaction, the director now owns 5,650 shares in the company, valued at approximately $258,374.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of D. R. Horton Inc (NYSE:DHI) traded down $0.23 on Wednesday, reaching $44.93. 5,050,000 shares of the company traded hands, compared to its average volume of 5,820,000. The company has a market cap of $16,890.00, a P/E ratio of 15.13, a PEG ratio of 1.22 and a beta of 1.09. D. R. Horton Inc has a 12-month low of $30.51 and a 12-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.
D. R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.64 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. equities research analysts forecast that D. R. Horton Inc will post 3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors 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 annualized dividend and a yield of 1.11%. D. R. Horton’s dividend payout ratio (DPR) is presently 16.84%.
A number of research analysts have recently weighed in on DHI shares. UBS Group started coverage on shares of D. R. Horton in a report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price target on the stock. Barclays raised their price target on shares of D. R. Horton from $34.00 to $41.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. Royal Bank of Canada raised their price target on shares of D. R. Horton to $57.00 and gave the company an “outperform” rating in a report on Monday, December 18th. ValuEngine downgraded shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Buckingham Research raised their price target on shares of D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. D. R. Horton presently has a consensus rating of “Hold” and an average target price of $52.69.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in D. R. Horton by 126.2% in the 2nd quarter. Janus Henderson Group PLC now owns 94,969 shares of the construction company’s stock worth $3,283,000 after purchasing an additional 52,989 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in D. R. Horton by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock worth $283,000 after purchasing an additional 111 shares during the last quarter. Advisory Services Network LLC grew its position in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares during the last quarter. Cetera Investment Advisers acquired a new stake in D. R. Horton in the 2nd quarter worth $216,000. Finally, Lord Abbett & CO. LLC grew its position in D. R. Horton by 16.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 165,000 shares of the construction company’s stock worth $5,704,000 after purchasing an additional 23,600 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.
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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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