D. R. Horton (NYSE:DHI) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.
A number of other equities research analysts have also commented on DHI. BidaskClub lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Wedbush reiterated an “outperform” rating on shares of D. R. Horton in a research report on Saturday, September 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $42.00 target price on shares of D. R. Horton in a research report on Monday, September 25th. KeyCorp reiterated a “buy” rating and issued a $41.00 target price on shares of D. R. Horton in a research report on Tuesday, September 26th. Finally, Bank of America upped their price objective on D. R. Horton from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. D. R. Horton has an average rating of “Buy” and a consensus price target of $44.06.
Shares of D. R. Horton (NYSE DHI) traded down $0.57 during midday trading on Friday, reaching $50.43. The company had a trading volume of 4,203,722 shares, compared to its average volume of 4,431,031. The stock has a market capitalization of $18,913.17, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.42 and a beta of 1.31. D. R. Horton has a 52-week low of $27.15 and a 52-week high of $51.53. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
In other news, CFO Bill W. Wheat sold 19,677 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the transaction, the chief financial officer now owns 100,081 shares in the company, valued at approximately $4,969,021.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.11, for a total value of $144,440.00. Following the transaction, the director now owns 8,000 shares in the company, valued at approximately $288,880. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,677 shares of company stock worth $2,262,873. Insiders own 7.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. 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 buying an additional 37 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in D. R. Horton by 0.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after purchasing an additional 42 shares during the last quarter. Shufro Rose & Co. LLC raised its stake in D. R. Horton by 0.6% in the 2nd quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock valued at $396,000 after purchasing an additional 67 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in D. R. Horton by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after purchasing an additional 111 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in D. R. Horton by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 37,970 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 84.62% of the company’s stock.
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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.
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