D. R. Horton Inc (NYSE:DHI) insider David V. Auld sold 4,930 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.28, for a total transaction of $208,440.40. Following the completion of the transaction, the insider now owns 237,861 shares in the company, valued at $10,056,763.08. 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 during mid-day trading on Wednesday, hitting $44.39. 4,960,000 shares of the stock traded hands, compared to its average volume of 6,200,000. The firm has a market cap 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. D. R. Horton Inc has a 52-week low of $31.98 and a 52-week high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.
D. R. Horton (NYSE:DHI) last released its 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. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS. analysts forecast that D. R. Horton Inc will post 3.82 EPS for the current fiscal year.
Several research firms have weighed in on DHI. Wedbush upgraded shares of D. R. Horton from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $43.44 to $50.00 in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a report on Monday, February 5th. ValuEngine upgraded shares of D. R. Horton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America upped their price objective on shares of D. R. Horton to $71.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Barclays upped their price objective on shares of D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and a consensus target price of $52.69.
A number of institutional investors have recently added to or reduced their stakes in DHI. Raymond James Financial Services Advisors Inc. lifted its holdings in D. R. Horton by 20.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,836 shares of the construction company’s stock worth $1,710,000 after buying an additional 7,369 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in D. R. Horton during the 3rd quarter worth approximately $1,715,000. Westpac Banking Corp lifted its holdings in D. R. Horton by 32.2% during the 3rd quarter. Westpac Banking Corp now owns 26,971 shares of the construction company’s stock worth $1,077,000 after buying an additional 6,564 shares in the last quarter. Andra AP fonden lifted its holdings in D. R. Horton by 6.3% during the 3rd quarter. Andra AP fonden now owns 119,200 shares of the construction company’s stock worth $4,760,000 after buying an additional 7,100 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in D. R. Horton by 60.4% during the 3rd quarter. Dupont Capital Management Corp now owns 73,039 shares of the construction company’s stock worth $2,916,000 after buying an additional 27,512 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “D. R. Horton Inc (NYSE:DHI) Insider Sells $208,440.40 in Stock” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://stocknewstimes.com/2018/03/14/insider-selling-d-r-horton-inc-dhi-insider-sells-4930-shares-of-stock.html.
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.
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.