Insider Selling: D. R. Horton Inc (NYSE:DHI) COO Sells 22,500 Shares of Stock

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D. R. Horton Inc (NYSE:DHI) COO Michael J. Murray sold 22,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.21, for a total transaction of $1,242,225.00. Following the completion of the transaction, the chief operating officer now directly owns 151,249 shares of the company’s stock, valued at $8,350,457.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE:DHI traded up $0.58 during mid-day trading on Wednesday, hitting $55.34. 3,809,344 shares of the company’s stock were exchanged, compared to its average volume of 4,892,932. The company has a market cap of $20.39 billion, a PE ratio of 12.90, a P/E/G ratio of 1.03 and a beta of 1.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.25 and a quick ratio of 1.35. D. R. Horton Inc has a one year low of $32.39 and a one year high of $55.80. The business has a fifty day moving average price of $53.49 and a 200 day moving average price of $48.70.

D. R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, November 12th. The construction company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.10. D. R. Horton had a net margin of 9.20% and a return on equity of 16.63%. The business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts forecast that D. R. Horton Inc will post 4.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a $0.175 dividend. This is a boost from D. R. Horton’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 26th. D. R. Horton’s payout ratio is currently 16.32%.

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in D. R. Horton by 8.7% during the second quarter. Janus Henderson Group PLC now owns 178,226 shares of the construction company’s stock valued at $7,688,000 after buying an additional 14,294 shares during the last quarter. Cibc World Markets Corp boosted its holdings in D. R. Horton by 31.2% in the second quarter. Cibc World Markets Corp now owns 59,015 shares of the construction company’s stock worth $2,545,000 after acquiring an additional 14,017 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of D. R. Horton in the second quarter worth $41,000. Hi Line Capital Management LLC grew its stake in shares of D. R. Horton by 0.7% in the second quarter. Hi Line Capital Management LLC now owns 156,286 shares of the construction company’s stock worth $6,741,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its stake in shares of D. R. Horton by 66.9% in the second quarter. Appleton Partners Inc. MA now owns 27,130 shares of the construction company’s stock worth $1,170,000 after acquiring an additional 10,870 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.

DHI has been the subject of several research analyst reports. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. JMP Securities upped their target price on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. Seaport Global Securities initiated coverage on D. R. Horton in a research report on Friday, August 23rd. They issued a “buy” rating and a $59.00 target price for the company. Buckingham Research lowered D. R. Horton from a “buy” rating to a “neutral” rating and set a $58.00 target price for the company. in a research report on Wednesday, November 13th. Finally, Wells Fargo & Co raised their target price on D. R. Horton from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.92.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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