Insider Selling: D. R. Horton Inc (DHI) Chairman Sells $7,851,492.00 in Stock

D. R. Horton Inc (NYSE:DHI) Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.06, for a total value of $7,851,492.00. Following the completion of the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

D. R. Horton Inc (NYSE DHI) opened at $45.42 on Thursday. The firm has a market capitalization of $17,080.00, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.20 and a beta of 1.09. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. D. R. Horton Inc has a 52-week low of $29.95 and a 52-week high of $53.32.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. equities analysts anticipate that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a $0.125 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. D. R. Horton’s payout ratio is 16.84%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of D. R. Horton by 4.2% in the fourth quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after acquiring an additional 1,232,825 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of D. R. Horton by 0.5% in the third quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock valued at $328,016,000 after acquiring an additional 42,642 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of D. R. Horton by 5.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock valued at $228,533,000 after acquiring an additional 306,287 shares in the last quarter. Millennium Management LLC lifted its position in shares of D. R. Horton by 309.9% in the fourth quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock valued at $258,061,000 after acquiring an additional 3,820,298 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of D. R. Horton by 21.2% in the third quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock valued at $134,434,000 after acquiring an additional 588,327 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

DHI has been the subject of several research analyst reports. UBS Group lifted their price objective on D. R. Horton from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $51.00 price objective on shares of D. R. Horton in a report on Sunday, November 12th. KeyCorp lifted their target price on D. R. Horton from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods downgraded D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Finally, Wedbush downgraded D. R. Horton from an “outperform” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. D. R. Horton presently has an average rating of “Hold” and a consensus target price of $52.69.

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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.

Insider Buying and Selling by Quarter for D. R. Horton (NYSE:DHI)

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