D. R. Horton Inc (NYSE:DHI) traded up 6.3% on Wednesday . The stock traded as high as $39.97 and last traded at $39.58. 11,886,211 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 6,535,085 shares. The stock had previously closed at $37.25.
Several equities research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of D. R. Horton in a report on Friday, September 14th. Barclays set a $51.00 price target on D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. JMP Securities set a $47.00 price target on D. R. Horton and gave the stock a “buy” rating in a report on Tuesday, October 9th. Finally, Buckingham Research began coverage on D. R. Horton in a report on Friday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.80.
The company has a quick ratio of 1.31, a current ratio of 7.25 and a debt-to-equity ratio of 0.35. The stock has a market cap of $14.89 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.16.
In other D. R. Horton news, COO Michael J. Murray sold 31,000 shares of D. R. Horton stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $37.13, for a total transaction of $1,151,030.00. Following the completion of the sale, the chief operating officer now owns 112,101 shares of the company’s stock, valued at approximately $4,162,310.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Donald R. Horton sold 163,000 shares of D. R. Horton stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $36.08, for a total value of $5,881,040.00. Following the sale, the chairman now directly owns 23,833,899 shares of the company’s stock, valued at approximately $859,927,075.92. The disclosure for this sale can be found here. Insiders sold a total of 226,892 shares of company stock valued at $8,206,227 in the last three months. Insiders own 6.87% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. IMS Capital Management acquired a new stake in D. R. Horton during the 3rd quarter worth about $115,000. River Wealth Advisors LLC acquired a new stake in D. R. Horton during the 3rd quarter worth about $160,000. Qube Research & Technologies Ltd lifted its position in D. R. Horton by 2,033.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after acquiring an additional 3,701 shares during the period. Hollencrest Capital Management acquired a new stake in D. R. Horton during the 3rd quarter worth about $205,000. Finally, Hilltop Holdings Inc. acquired a new stake in D. R. Horton during the 3rd quarter worth about $220,000. 81.58% of the stock is owned by institutional investors.
D. R. Horton Company Profile (NYSE:DHI)
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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