D.R. Horton, Inc. (NYSE:DHI – Get Rating) Director Michael R. Buchanan sold 2,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total value of $154,940.50. Following the completion of the sale, the director now owns 3,378 shares of the company’s stock, valued at approximately $241,527. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
D.R. Horton Trading Down 0.5 %
D.R. Horton stock opened at $70.95 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.71 and a quick ratio of 0.84. D.R. Horton, Inc. has a one year low of $59.25 and a one year high of $110.45. The stock has a market capitalization of $24.65 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.47 and a beta of 1.60. The business’s fifty day moving average is $74.22 and its 200 day moving average is $73.16.
D.R. Horton (NYSE:DHI – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The construction company reported $4.67 EPS for the quarter, beating the consensus estimate of $4.49 by $0.18. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.91 billion. During the same period last year, the firm posted $3.06 earnings per share. D.R. Horton’s revenue was up 20.6% compared to the same quarter last year. On average, sell-side analysts predict that D.R. Horton, Inc. will post 17.08 EPS for the current year.
D.R. Horton Announces Dividend
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in D.R. Horton in the first quarter worth about $28,000. GPS Wealth Strategies Group LLC raised its stake in shares of D.R. Horton by 300.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock worth $30,000 after buying an additional 300 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of D.R. Horton in the first quarter worth about $30,000. SeaCrest Wealth Management LLC bought a new position in shares of D.R. Horton in the second quarter worth about $30,000. Finally, MCF Advisors LLC bought a new position in shares of D.R. Horton in the first quarter worth about $32,000. 85.63% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently commented on DHI shares. JPMorgan Chase & Co. decreased their target price on D.R. Horton from $82.50 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. UBS Group decreased their price objective on D.R. Horton from $151.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, June 16th. Wells Fargo & Company decreased their price objective on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, June 17th. The Goldman Sachs Group decreased their price objective on D.R. Horton from $89.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. Finally, TheStreet upgraded D.R. Horton from a “c+” rating to a “b-” rating in a report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.14.
D.R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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