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.
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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