Traders Sell D. R. Horton (DHI) on Strength (DHI)

Traders sold shares of D. R. Horton (NYSE:DHI) on strength during trading hours on Friday. $18.96 million flowed into the stock on the tick-up and $56.29 million flowed out of the stock on the tick-down, for a money net flow of $37.33 million out of the stock. Of all companies tracked, D. R. Horton had the 0th highest net out-flow for the day. D. R. Horton traded up $0.26 for the day and closed at $44.48

Several analysts have recently issued reports on DHI shares. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Bank of America increased their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush upgraded D. R. Horton from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $43.44 to $50.00 in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a research note on Tuesday, January 9th. Finally, Barclays upgraded D. R. Horton from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective on the stock in a research note on Monday, March 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $51.88.

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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 company has a market cap of $16,623.21, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, beating the Zacks’ 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 period last year, the firm earned $0.55 earnings per share. research analysts forecast that D. R. Horton will post 3.82 EPS for the current fiscal year.

In other D. R. Horton news, CFO Bill W. Wheat sold 2,670 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total transaction of $120,176.70. Following 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 accessible through the SEC website. Also, Director Barbara K. Allen sold 3,667 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the transaction, the director now directly owns 11,317 shares in the company, valued at approximately $540,613.09. 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. Corporate insiders own 7.20% of the company’s stock.

Several hedge funds have recently modified their holdings of DHI. Buckingham Capital Management Inc. grew its holdings in shares of D. R. Horton by 5.3% during the third quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after purchasing an additional 1,240 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of D. R. Horton by 46.1% during the third quarter. Stifel Financial Corp now owns 82,827 shares of the construction company’s stock worth $3,315,000 after purchasing an additional 26,132 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of D. R. Horton by 154.1% during the third quarter. Janus Henderson Group PLC now owns 241,320 shares of the construction company’s stock worth $9,636,000 after purchasing an additional 146,351 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of D. R. Horton by 2.4% during the third quarter. California Public Employees Retirement System now owns 751,400 shares of the construction company’s stock worth $30,003,000 after purchasing an additional 17,600 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of D. R. Horton during the third quarter worth about $216,000. 84.66% of the stock is currently owned by institutional investors.

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About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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