D. R. Horton Inc (NYSE:DHI) Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total value of $40,100.40. Following the completion of the sale, the director now directly owns 6,590 shares in the company, valued at $281,129.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
D. R. Horton Inc (NYSE:DHI) traded down $0.37 during trading on Wednesday, reaching $44.39. The company’s stock had a trading volume of 4,960,000 shares, compared to its average volume of 6,200,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03. The company has a market cap of $16,690.00, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. D. R. Horton Inc has a fifty-two week low of $31.98 and a fifty-two week high of $53.32.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The business 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%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. equities analysts forecast that D. R. Horton Inc will post 3.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.50 annualized dividend and a yield of 1.13%. D. R. Horton’s payout ratio is 16.84%.
A number of institutional investors have recently bought and sold shares of DHI. Jackson Grant Investment Advisers Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $110,000. Calton & Associates Inc. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $193,000. IBM Retirement Fund purchased a new position in shares of D. R. Horton during the third quarter valued at approximately $201,000. Tiemann Investment Advisors LLC purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $203,000. Finally, Gofen & Glossberg LLC IL purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $204,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on DHI. Wedbush raised D. R. Horton from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $43.44 to $50.00 in a research note on Wednesday, March 7th. ValuEngine raised D. R. Horton from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their target price on D. R. Horton to $71.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Mizuho set a $56.00 target price on D. R. Horton and gave the stock a “hold” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a research note on Monday, February 5th. One 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.69.
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D. R. Horton Company Profile
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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