D.R. Horton, Inc. (NYSE:DHI) Director Bradley S. Anderson sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $103.00, for a total transaction of $309,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE:DHI opened at $101.09 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 6.42. D.R. Horton, Inc. has a 1 year low of $64.32 and a 1 year high of $106.89. The stock has a market capitalization of $36.04 billion, a P/E ratio of 8.84, a PEG ratio of 0.75 and a beta of 1.63. The stock has a 50-day simple moving average of $90.24 and a 200-day simple moving average of $91.83.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, November 9th. The construction company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.40 by $0.30. The firm had revenue of $8.11 billion for the quarter, compared to analyst estimates of $7.77 billion. D.R. Horton had a return on equity of 30.16% and a net margin of 15.03%. D.R. Horton’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.24 EPS. Analysts predict that D.R. Horton, Inc. will post 13.49 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP lifted its position in shares of D.R. Horton by 365.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,018,591 shares of the construction company’s stock worth $253,471,000 after buying an additional 2,369,876 shares during the period. Amundi acquired a new stake in shares of D.R. Horton in the 2nd quarter valued at $129,486,000. Principal Financial Group Inc. increased its stake in shares of D.R. Horton by 94.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,591,112 shares of the construction company’s stock valued at $234,159,000 after buying an additional 1,255,532 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of D.R. Horton in the 3rd quarter valued at $87,924,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of D.R. Horton by 2,012.8% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 990,414 shares of the construction company’s stock valued at $89,504,000 after buying an additional 943,537 shares during the period. 81.15% of the stock is currently owned by institutional investors.
A number of research firms have commented on DHI. Citigroup raised their target price on D.R. Horton from $104.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, November 11th. BTIG Research lowered their price target on D.R. Horton from $123.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, September 21st. KeyCorp lifted their price target on D.R. Horton from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 10th. Royal Bank of Canada lifted their price target on D.R. Horton from $100.00 to $103.00 and gave the company a “sector perform” rating in a report on Wednesday, November 10th. Finally, Raymond James lifted their price target on D.R. Horton from $110.00 to $120.00 and gave the company a “strong-buy” rating in a report on Wednesday, November 17th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $111.86.
D.R. Horton Company Profile
D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment includes the sub-segments East, Midwest, Southeast, South Central, Southwest and West regions. The Financial Services segment provides mortgage financing and title agency services to homebuyers in many of its homebuilding markets.
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