Stock Traders Purchase Large Volume of Call Options on D.R. Horton (DHI)
Shares of D.R. Horton (NYSE:DHI) were the recipient of unusually large options trading activity on Monday. Stock investors bought 23,582 call options on the company, American Banking News.com reports. This is an increase of approximately 238% compared to the typical daily volume of 6,967 call options.
A number of research firms have recently commented on DHI. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of D.R. Horton in a research note on Friday, July 25th. They now have a $21.00 price target on the stock, down previously from $23.00. Separately, analysts at Barclays cut their price target on shares of D.R. Horton from $34.00 to $31.00 in a research note on Friday, July 25th. They now have an “overweight” rating on the stock. Finally, analysts at MKM Partners downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $24.00 price target on the stock, down previously from $27.00. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.10.
D.R. Horton (NYSE:DHI) traded up 0.24% on Monday, hitting $20.67. The stock had a trading volume of 5,872,639 shares. D.R. Horton has a 1-year low of $17.52 and a 1-year high of $25.23. The stock’s 50-day moving average is $23.05 and its 200-day moving average is $22.84. The company has a market cap of $7.534 billion and a price-to-earnings ratio of 14.24.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.49 by $0.17. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $0.42 earnings per share. D.R. Horton’s revenue was up 27.9% compared to the same quarter last year. Analysts expect that D.R. Horton will post $1.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Investors of record on Friday, August 8th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, August 6th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.04.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 27 states and 78 metropolitan markets of the United States, primarily under the name of D.
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