D.R. Horton Inc. (DHI) Reaches New 12-Month High at $33.25
D.R. Horton Inc. (NYSE:DHI) shares reached a new 52-week high during trading on Thursday . The company traded as high as $33.25 and last traded at $32.68, with a volume of 2,691,883 shares changing hands. The stock had previously closed at $32.71.
A number of research analysts have commented on DHI shares. Royal Bank Of Canada upped their price target on D.R. Horton from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, March 21st. Zacks Investment Research upgraded D.R. Horton from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, March 29th. Barclays PLC upped their target price on D.R. Horton from $30.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, April 7th. FBN Securities downgraded D.R. Horton from a “sector perform” rating to an “underperform” rating in a report on Monday, April 18th. Finally, Sterne Agee CRT downgraded D.R. Horton from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Friday, April 22nd. They noted that the move was a valuation call. One 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’s stock. D.R. Horton has an average rating of “Hold” and a consensus target price of $31.65.
The stock has a market cap of $12.54 billion and a PE ratio of 15.53. The firm’s 50-day moving average is $31.02 and its 200-day moving average is $29.33.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.69 billion. The business’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Equities analysts predict that D.R. Horton Inc. will post $2.38 earnings per share for the current fiscal year.
In other news, COO Michael J. Murray sold 2,944 shares of D.R. Horton stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $30.34, for a total transaction of $89,320.96. Following the completion of the sale, the chief operating officer now owns 13,344 shares of the company’s stock, valued at $404,856.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bill W. Wheat sold 40,000 shares of D.R. Horton stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $30.37, for a total transaction of $1,214,800.00. Following 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 disclosure for this sale can be found here.
Other institutional investors have modified their holdings of the company. World Asset Management Inc increased its position 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 position in shares of D.R. Horton during the fourth quarter worth approximately $2,931,000. Swiss National Bank increased its position 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. Sei Investments Co. increased its position 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. Finally, ProShare Advisors LLC increased its position in shares of D.R. Horton by 4.2% in the fourth quarter. ProShare Advisors LLC now owns 98,120 shares of the company’s stock worth $3,143,000 after buying an additional 3,947 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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