D. R. Horton Inc (NYSE:DHI) Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.06, for a total value of $7,851,492.00. Following the sale, the chairman now directly owns 23,232,112 shares in the company, valued at $1,023,606,854.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
D. R. Horton Inc (NYSE DHI) traded up $0.76 during trading hours on Monday, hitting $44.84. 7,879,024 shares of the stock were exchanged, compared to its average volume of 5,458,022. D. R. Horton Inc has a 52 week low of $29.95 and a 52 week high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $16,860.00, a PE ratio of 16.73, a P/E/G ratio of 1.18 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last posted its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. D. R. Horton’s quarterly revenue was up 14.8% compared to the same quarter last year. analysts anticipate that D. R. Horton Inc will post 3.75 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of DHI. BlackRock Inc. raised its position in D. R. Horton by 4.2% in the 4th quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock worth $1,570,810,000 after purchasing an additional 1,232,825 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in D. R. Horton in the 4th quarter worth approximately $56,286,000. Gruss Capital Management LP bought a new position in D. R. Horton in the 3rd quarter worth approximately $35,342,000. Arrowstreet Capital Limited Partnership bought a new position in D. R. Horton in the 4th quarter worth approximately $40,997,000. Finally, Impala Asset Management LLC raised its position in D. R. Horton by 278.8% in the 3rd quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock worth $38,039,000 after purchasing an additional 701,113 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
DHI has been the topic of a number of recent research reports. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Citigroup lifted their price objective on D. R. Horton from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Bank of America lifted their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. ValuEngine downgraded D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price objective on shares of D. R. Horton in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. D. R. Horton presently has an average rating of “Hold” and a consensus price target of $52.69.
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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