Investors bought shares of D. R. Horton Inc (NYSE:DHI) on weakness during trading hours 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 equities 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
A number of brokerages have recently issued reports on DHI. Wedbush upgraded shares of D. R. Horton from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $43.44 to $50.00 in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and set a $58.00 price objective on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America lifted their price objective on shares of D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Barclays lifted their price objective on shares of D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $52.69.
The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $16,720.00, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20.
D. R. Horton (NYSE:DHI) last released its 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 firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. research analysts forecast that D. R. Horton Inc will post 3.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, February 22nd. D. R. Horton’s payout ratio is 16.84%.
In other D. R. Horton news, Director Barbara K. Allen sold 3,667 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were 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 $540,613.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David V. Auld sold 4,986 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $45.00, for a total transaction of $224,370.00. Following the completion of the transaction, the insider now owns 223,485 shares in the company, valued at $10,056,825. The disclosure for this sale can be found here. Over the last quarter, insiders sold 245,602 shares of company stock worth $10,828,080. Corporate insiders own 6.74% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. bought a new stake in shares of D. R. Horton in the fourth quarter valued at approximately $110,000. Calton & Associates Inc. bought a new stake in shares of D. R. Horton in the fourth quarter valued at approximately $193,000. IBM Retirement Fund bought a new stake in shares of D. R. Horton in the third quarter valued at approximately $201,000. Tiemann Investment Advisors LLC bought a new stake in shares of D. R. Horton in the fourth quarter valued at approximately $203,000. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of D. R. Horton in the fourth quarter valued at approximately $204,000. 84.67% of the stock is currently owned by institutional investors.
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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