Insider Selling: D.R. Horton, Inc. (NYSE:DHI) Director Sells $154,940.50 in Stock

D.R. Horton, Inc. (NYSE:DHIGet 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:DHIGet 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

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.90 annualized dividend and a yield of 1.27%. D.R. Horton’s payout ratio is 5.78%.

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

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

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