D. R. Horton Inc (NYSE:DHI) Chairman Donald R. Horton sold 11,618 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $44.81, for a total value of $520,602.58. Following the completion of the transaction, the chairman now owns 23,385,245 shares of the company’s stock, valued at $1,047,892,828.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of D. R. Horton Inc (DHI) traded up $0.57 on Wednesday, hitting $45.42. The stock had a trading volume of 5,377,609 shares, compared to its average volume of 5,467,849. D. R. Horton Inc has a 52 week low of $29.99 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 $16,856.28, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 1.20 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. research analysts predict that D. R. Horton Inc will post 3.75 EPS for the current fiscal year.
Several equities analysts have commented on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. ValuEngine upgraded D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America increased their target price on D. R. Horton to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Barclays increased their target price on D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of D. R. Horton in a research report on Monday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.69.
Institutional investors and hedge funds have recently modified their holdings of the company. Jackson Grant Investment Advisers Inc. bought a new stake in D. R. Horton in the fourth quarter worth approximately $110,000. Advisory Services Network LLC increased its holdings in D. R. Horton by 131.9% in the second quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after purchasing an additional 2,250 shares in the last quarter. Calton & Associates Inc. bought a new stake in D. R. Horton in the fourth quarter worth approximately $193,000. IBM Retirement Fund bought a new stake in D. R. Horton in the third quarter worth approximately $201,000. Finally, Gofen & Glossberg LLC IL bought a new stake in D. R. Horton in the fourth quarter worth approximately $204,000. Institutional investors own 80.43% 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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