D. R. Horton (DHI) Trading 6.3% Higher

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.

D. R. Horton (NYSE:DHI) last announced its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.56 billion. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. Equities analysts predict that D. R. Horton Inc will post 4.18 earnings per share for the current year.

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.

WARNING: “D. R. Horton (DHI) Trading 6.3% Higher” was posted by PressOracle and is the sole property of of PressOracle. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://pressoracle.com/news/2019/01/11/d-r-horton-dhi-trading-6-3-higher.html.

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.

See Also: Discover Your Risk Tolerance

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.

Leave a Reply

Leave a Reply