D. R. Horton Inc (NYSE:DHI) – Investment analysts at KeyCorp lifted their Q2 2018 earnings estimates for D. R. Horton in a report released on Wednesday. KeyCorp analyst K. Zener now expects that the construction company will post earnings per share of $0.87 for the quarter, up from their previous forecast of $0.80. KeyCorp currently has a “Buy” rating and a $46.00 price objective on the stock. KeyCorp also issued estimates for D. R. Horton’s FY2019 earnings at $4.34 EPS.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. D. R. Horton’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS.
Shares of D. R. Horton (NYSE:DHI) traded down $0.15 during mid-day trading on Friday, hitting $44.40. The stock had a trading volume of 786,295 shares, compared to its average volume of 5,036,337. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a market cap of $17,832.95, a PE ratio of 16.70, a PEG ratio of 1.28 and a beta of 1.09. D. R. Horton has a one year low of $29.95 and a one year high of $53.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a $0.125 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. D. R. Horton’s dividend payout ratio is presently 18.73%.
In other D. R. Horton news, Director Barbara K. Allen sold 3,667 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.77, for a total transaction of $175,172.59. Following the completion of the transaction, the director now owns 11,317 shares of the company’s stock, valued at approximately $540,613.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the transaction, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The disclosure for this sale can be found here. Insiders sold a total of 32,344 shares of company stock valued at $1,585,466 over the last quarter. 7.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton during the 4th quarter worth approximately $110,000. Tower Research Capital LLC TRC boosted its position in D. R. Horton by 179.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,591 shares of the construction company’s stock worth $124,000 after acquiring an additional 2,306 shares during the last quarter. Advisory Services Network LLC boosted its position in D. R. Horton by 131.9% during the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after acquiring an additional 2,250 shares during the last quarter. Calton & Associates Inc. acquired a new position in D. R. Horton during the 4th quarter worth approximately $193,000. Finally, IBM Retirement Fund acquired a new position in D. R. Horton during the 3rd quarter worth approximately $201,000. 83.22% of the stock is owned by hedge funds and other institutional investors.
D. R. Horton Company Profile
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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