D. R. Horton Inc (NYSE:DHI) Chairman Donald R. Horton sold 10,244 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.23, for a total transaction of $432,604.12. Following the transaction, the chairman now directly owns 23,418,979 shares of the company’s stock, valued at approximately $988,983,483.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of D. R. Horton Inc (DHI) traded down $0.37 on Wednesday, hitting $44.39. 4,960,000 shares of the stock were exchanged, compared to its average volume of 6,200,000. The firm has a market capitalization of $16,690.00, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.16 and a beta of 1.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. D. R. Horton Inc has a 1-year low of $31.98 and a 1-year high of $53.32.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate 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 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 earned $0.55 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. equities research analysts predict that D. R. Horton Inc will post 3.82 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. acquired a new position in D. R. Horton in the fourth quarter worth about $110,000. Calton & Associates Inc. acquired a new position in D. R. Horton in the fourth quarter worth about $193,000. IBM Retirement Fund acquired a new position in D. R. Horton in the third quarter worth about $201,000. Tiemann Investment Advisors LLC acquired a new position in D. R. Horton in the fourth quarter worth about $203,000. Finally, Gofen & Glossberg LLC IL acquired a new position in D. R. Horton in the fourth quarter worth about $204,000. 84.67% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on DHI. Wedbush raised shares of D. R. Horton from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $43.44 to $50.00 in a research report on Wednesday, March 7th. ValuEngine raised shares of D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America boosted their target price on shares of D. R. Horton to $71.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Mizuho set a $56.00 target price on shares of D. R. Horton and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $58.00 target price on shares of D. R. Horton in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.69.
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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