D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $976,963.05. Following the completion of the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
D. R. Horton Inc (DHI) traded down $0.53 during mid-day trading on Wednesday, reaching $49.71. The company had a trading volume of 4,999,094 shares, compared to its average volume of 4,048,289. D. R. Horton Inc has a 12-month low of $27.21 and a 12-month high of $51.53. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18,820.00, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.43 and a beta of 1.32.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the company posted $0.75 EPS. D. R. Horton’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts anticipate that D. R. Horton Inc will post 3.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 30th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.10. D. R. Horton’s dividend payout ratio is currently 18.25%.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of D. R. Horton by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock worth $1,213,190,000 after purchasing an additional 253,036 shares during the period. FMR LLC lifted its stake in shares of D. R. Horton by 3.9% during the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after purchasing an additional 446,612 shares during the period. Greenhaven Associates Inc. lifted its stake in shares of D. R. Horton by 0.5% during the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock worth $328,016,000 after purchasing an additional 42,642 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of D. R. Horton by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock worth $228,533,000 after purchasing an additional 306,287 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of D. R. Horton by 3.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,846,653 shares of the construction company’s stock worth $167,550,000 after purchasing an additional 164,817 shares during the period. 84.61% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on DHI. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Royal Bank Of Canada restated a “buy” rating and issued a $51.00 price target on shares of D. R. Horton in a research report on Sunday, November 12th. Barclays boosted their target price on D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Buckingham Research boosted their target price on D. R. Horton from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.06.
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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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