D. R. Horton Inc (NYSE:DHI) Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $42.66, for a total value of $40,100.40. Following the completion of the transaction, the director now directly owns 6,590 shares of the company’s stock, valued at $281,129.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of D. R. Horton Inc (DHI) traded down $0.37 during midday trading on Wednesday, reaching $44.39. 4,960,000 shares of the company were exchanged, compared to its average volume of 6,200,000. D. R. Horton Inc has a 52 week low of $31.98 and a 52 week high of $53.32. The stock 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. 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 announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share for the quarter, topping 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 analyst estimates of $3.26 billion. During the same period in the previous year, the business earned $0.55 EPS. 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.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.125 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. D. R. Horton’s payout ratio is currently 16.84%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goodman Financial Corp raised its holdings in D. R. Horton by 4.2% in the 3rd quarter. Goodman Financial Corp now owns 188,218 shares of the construction company’s stock worth $7,516,000 after acquiring an additional 7,593 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in D. R. Horton by 2.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,018,813 shares of the construction company’s stock worth $52,031,000 after acquiring an additional 20,599 shares during the last quarter. Toronto Dominion Bank raised its holdings in D. R. Horton by 11.5% in the 3rd quarter. Toronto Dominion Bank now owns 134,772 shares of the construction company’s stock worth $5,382,000 after acquiring an additional 13,940 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in D. R. Horton by 179.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 45,068 shares of the construction company’s stock worth $2,302,000 after acquiring an additional 28,959 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in D. R. Horton in the 4th quarter worth approximately $56,286,000. Institutional investors own 84.67% of the company’s stock.
A number of equities research analysts have weighed in on the company. ValuEngine downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $56.00 target price on shares of D. R. Horton in a research note on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $60.00 price objective (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. Mizuho set a $56.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, UBS Group reiterated a “buy” rating and set a $58.00 target price (up from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. D. R. Horton has a consensus rating of “Buy” and a consensus price target of $52.69.
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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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