Traders purchased shares of D. R. Horton Inc (NYSE:DHI) on weakness during trading on Wednesday. $78.24 million flowed into the stock on the tick-up and $19.49 million flowed out of the stock on the tick-down, for a money net flow of $58.75 million into the stock. Of all stocks tracked, D. R. Horton had the 7th highest net in-flow for the day. D. R. Horton traded down ($0.37) for the day and closed at $44.39
DHI has been the subject of a number of research analyst reports. Mizuho set a $56.00 target price on D. R. Horton and gave the stock a “hold” rating in a report on Thursday, January 18th. Bank of America lifted their target price on D. R. Horton to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Wedbush raised D. R. Horton from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $43.44 to $50.00 in a research note on Wednesday, March 7th. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a research note on Tuesday, January 9th. 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 currently has a consensus rating of “Buy” and an average target price of $52.69.
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 firm has a market capitalization of $16,330.00, a P/E ratio of 14.63, a P/E/G ratio of 1.17 and a beta of 1.20.
D. R. Horton (NYSE:DHI) last announced its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. D. R. Horton’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. analysts predict that D. R. Horton Inc will post 3.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. D. R. Horton’s payout ratio is 16.84%.
In related news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the transaction, the director now owns 11,317 shares of the company’s stock, valued at $540,613.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 3,423 shares of D. R. Horton stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $41.84, for a total value of $143,218.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 245,602 shares of company stock worth $10,828,080. 7.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its position in shares of D. R. Horton by 17.9% during the third quarter. Cetera Investment Advisers now owns 7,295 shares of the construction company’s stock valued at $293,000 after buying an additional 1,105 shares during the last quarter. Profund Advisors LLC boosted its position in shares of D. R. Horton by 14.3% during the fourth quarter. Profund Advisors LLC now owns 9,130 shares of the construction company’s stock valued at $466,000 after buying an additional 1,144 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its position in shares of D. R. Horton by 14.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 9,318 shares of the construction company’s stock valued at $372,000 after buying an additional 1,167 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of D. R. Horton by 0.6% during the third quarter. Teacher Retirement System of Texas now owns 188,956 shares of the construction company’s stock valued at $7,545,000 after buying an additional 1,170 shares during the last quarter. Finally, WESCAP Management Group Inc. boosted its position in shares of D. R. Horton by 4.0% during the third quarter. WESCAP Management Group Inc. now owns 31,375 shares of the construction company’s stock valued at $1,253,000 after buying an additional 1,193 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.
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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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