D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat sold 12,892 shares of D. R. Horton stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total transaction of $486,157.32. Following the completion of the transaction, the chief financial officer now directly owns 145,180 shares of the company’s stock, valued at $5,474,737.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of DHI stock traded down $0.13 during trading hours on Friday, reaching $36.83. 141,974 shares of the stock were exchanged, compared to its average volume of 6,037,877. D. R. Horton Inc has a 12-month low of $32.53 and a 12-month high of $53.32. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. The stock has a market cap of $14.08 billion, a PE ratio of 9.11, a P/E/G ratio of 0.69 and a beta of 1.25.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts forecast that D. R. Horton Inc will post 4.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be issued a dividend of $0.15 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Underhill Investment Management LLC bought a new stake in D. R. Horton during the 3rd quarter valued at about $9,771,000. Strs Ohio lifted its holdings in D. R. Horton by 63.4% during the 2nd quarter. Strs Ohio now owns 70,545 shares of the construction company’s stock valued at $2,892,000 after buying an additional 27,373 shares in the last quarter. Raymond James & Associates lifted its holdings in D. R. Horton by 9.2% during the 2nd quarter. Raymond James & Associates now owns 253,300 shares of the construction company’s stock valued at $10,385,000 after buying an additional 21,259 shares in the last quarter. Calamos Advisors LLC lifted its holdings in D. R. Horton by 6.8% during the 3rd quarter. Calamos Advisors LLC now owns 151,982 shares of the construction company’s stock valued at $6,411,000 after buying an additional 9,624 shares in the last quarter. Finally, Marco Investment Management LLC lifted its holdings in D. R. Horton by 13.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,500 shares of the construction company’s stock valued at $677,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 79.23% of the company’s stock.
A number of equities analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $47.00 price objective on shares of D. R. Horton in a research note on Friday, September 14th. Barclays set a $51.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Friday, September 14th. ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. JMP Securities set a $47.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Finally, Bank of America set a $65.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, October 11th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. D. R. Horton has an average rating of “Buy” and a consensus price target of $47.86.
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D. R. Horton Company Profile
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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