D.R. Horton Inc. (DHI) Sets New 52-Week High at $33.25
D.R. Horton Inc. (NYSE:DHI) hit a new 52-week high on Thursday . The company traded as high as $33.25 and last traded at $32.68, with a volume of 2,691,883 shares traded. The stock had previously closed at $32.71.
A number of brokerages recently weighed in on DHI. Barclays PLC restated a “hold” rating on shares of D.R. Horton in a research note on Saturday, April 23rd. FBN Securities cut D.R. Horton from a “sector perform” rating to an “underperform” rating in a research note on Monday, April 18th. JMP Securities restated a “buy” rating and set a $36.00 price objective on shares of D.R. Horton in a research note on Wednesday, June 15th. Zacks Investment Research upgraded D.R. Horton from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, April 25th. Finally, MKM Partners upped their price objective on D.R. Horton from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.65.
The company has a market cap of $12.13 billion and a PE ratio of 15.02. The company has a 50 day moving average of $30.79 and a 200-day moving average of $29.29.
D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, April 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. During the same quarter last year, the business posted $0.40 earnings per share. The company earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that D.R. Horton Inc. will post $2.38 EPS for the current year.
In other D.R. Horton news, CFO Bill W. Wheat sold 40,000 shares of D.R. Horton stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $30.37, for a total transaction of $1,214,800.00. Following the completion of the sale, the chief financial officer now directly owns 108,014 shares of the company’s stock, valued at approximately $3,280,385.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Murray sold 2,944 shares of D.R. Horton stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $30.34, for a total value of $89,320.96. Following the sale, the chief operating officer now directly owns 13,344 shares of the company’s stock, valued at $404,856.96. The disclosure for this sale can be found here.
A number of hedge funds have made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of D.R. Horton by 52.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 57,719 shares of the company’s stock worth $1,849,000 after buying an additional 19,800 shares during the period. World Asset Management Inc increased its stake in shares of D.R. Horton by 4.8% in the fourth quarter. World Asset Management Inc now owns 34,334 shares of the company’s stock worth $1,100,000 after buying an additional 1,571 shares during the period. Numeric Investors LLC acquired a new stake in shares of D.R. Horton during the fourth quarter worth about $2,931,000. Swiss National Bank increased its stake in shares of D.R. Horton by 1.4% in the fourth quarter. Swiss National Bank now owns 597,274 shares of the company’s stock worth $19,131,000 after buying an additional 8,500 shares during the period. Finally, Sei Investments Co. increased its stake in shares of D.R. Horton by 685.1% in the fourth quarter. Sei Investments Co. now owns 125,472 shares of the company’s stock worth $4,019,000 after buying an additional 109,490 shares during the period.
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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