D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat sold 2,568 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $109,550.88. Following the transaction, the chief financial officer now directly owns 115,937 shares in the company, valued at $4,945,872.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
D. R. Horton Inc (DHI) traded down $0.37 during trading hours on Wednesday, hitting $44.39. The stock had a trading volume of 4,960,000 shares, compared to its average volume of 6,200,000. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market cap of $16,690.00, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.20. D. R. Horton Inc has a 52-week low of $31.98 and a 52-week high of $53.32.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results 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 business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business posted $0.55 EPS. D. R. Horton’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts anticipate that D. R. Horton Inc will post 3.82 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the business. Chemical Bank increased its stake in D. R. Horton by 19.9% in the 4th quarter. Chemical Bank now owns 24,195 shares of the construction company’s stock worth $1,236,000 after buying an additional 4,010 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in D. R. Horton by 6.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 78,030 shares of the construction company’s stock worth $3,985,000 after buying an additional 4,849 shares in the last quarter. Tuttle Tactical Management LLC purchased a new stake in D. R. Horton in the 4th quarter worth $730,000. Hilton Capital Management LLC increased its stake in D. R. Horton by 13.9% in the 4th quarter. Hilton Capital Management LLC now owns 370,322 shares of the construction company’s stock worth $18,912,000 after buying an additional 45,335 shares in the last quarter. Finally, HM Payson & Co. purchased a new stake in D. R. Horton in the 4th quarter worth $1,008,000. Institutional investors and hedge funds own 84.67% of the company’s stock.
DHI has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on D. R. Horton to $57.00 and gave the company an “outperform” rating in a report on Monday, December 18th. ValuEngine cut D. R. Horton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 price target on shares of D. R. Horton in a report on Tuesday, January 9th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $60.00 price objective (up from $52.00) on shares of D. R. Horton in a research note 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, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.69.
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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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