D.R. Horton, Inc. (NYSE:DHI) Director Sells $309,000.00 in Stock

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.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Monday, December 6th will be paid a $0.225 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.20. This represents a $0.90 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, December 3rd. D.R. Horton’s dividend payout ratio is currently 7.00%.

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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Insider Buying and Selling by Quarter for D.R. Horton (NYSE:DHI)

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