D.R. Horton, Inc. (NYSE:DHI) Director Bradley S. Anderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the transaction, the director now owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The transaction was disclosed in a document filed with the SEC, which is available through this link.

D.R. Horton, Inc. (DHI) traded up 0.48% during midday trading on Thursday, hitting $37.34. The stock had a trading volume of 3,191,061 shares. The firm has a 50-day moving average of $36.16 and a 200-day moving average of $34.37. D.R. Horton, Inc. has a 12-month low of $26.69 and a 12-month high of $37.78. The company has a market cap of $13.98 billion, a PE ratio of 13.99 and a beta of 1.24.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts forecast that D.R. Horton, Inc. will post $2.78 EPS for the current year.

D.R. Horton announced that its board has initiated a share buyback plan on Wednesday, July 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.10 per share. The ex-dividend date was Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.07%. D.R. Horton’s payout ratio is 15.04%.

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Several hedge funds have recently bought and sold shares of the company. Shufro Rose & Co. LLC lifted its position in shares of D.R. Horton by 0.3% during the 1st quarter. Shufro Rose & Co. LLC now owns 11,383 shares of the construction company’s stock valued at $379,000 after acquiring an additional 33 shares during the period. Alps Advisors Inc. lifted its position in shares of D.R. Horton by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after acquiring an additional 37 shares during the period. BKD Wealth Advisors LLC lifted its position in shares of D.R. Horton by 0.3% during the 2nd quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock valued at $394,000 after acquiring an additional 39 shares during the period. First Allied Advisory Services Inc. lifted its position in shares of D.R. Horton by 0.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after acquiring an additional 42 shares during the period. Finally, Cleararc Capital Inc. lifted its position in shares of D.R. Horton by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock valued at $276,000 after acquiring an additional 59 shares during the period. Institutional investors own 82.31% of the company’s stock.

Several equities analysts have weighed in on the company. Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up previously from $39.00) on shares of D.R. Horton in a report on Monday, July 10th. Wedbush raised their price target on D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, July 17th. BidaskClub upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Royal Bank Of Canada raised their price target on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG restated a “hold” rating and set a $36.00 price target (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $36.59.

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.

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

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