D.R. Horton Inc. (DHI) Sees Large Volume Increase
D.R. Horton Inc. (NYSE:DHI) shares saw strong trading volume on Tuesday . 3,855,541 shares traded hands during trading, an increase of 19% from the previous session’s volume of 3,227,744 shares.The stock last traded at $32.97 and had previously closed at $32.07.
Several research analysts have commented on the stock. Credit Suisse Group AG reiterated a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. RBC Capital Markets reiterated an “outperform” rating and set a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Bank of America Corp. downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Friday, July 22nd. Royal Bank Of Canada boosted their price objective on shares of D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Finally, Argus assumed coverage on shares of D.R. Horton in a research report on Friday, June 17th. They set a “buy” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. D.R. Horton presently has an average rating of “Hold” and a consensus target price of $32.45.
The firm has a 50-day moving average price of $33.02 and a 200-day moving average price of $30.41. The company has a market cap of $12.22 billion and a price-to-earnings ratio of 14.59.
D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts predict that D.R. Horton Inc. will post $2.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, August 4th.
In related news, Director Barbara K. Allen sold 3,333 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $33.95, for a total transaction of $113,155.35. Following the sale, the director now directly owns 8,983 shares in the company, valued at $304,972.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 12,000 shares of D.R. Horton stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $33.80, for a total transaction of $405,600.00. Following the sale, the director now owns 12,940 shares in the company, valued at $437,372. The disclosure for this sale can be found here.
Several large investors recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of D.R. Horton by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 496,134 shares of the company’s stock worth $15,892,000 after buying an additional 12,781 shares in the last quarter. Suntrust Banks Inc. bought a new stake in shares of D.R. Horton during the fourth quarter worth $1,175,000. Trexquant Investment LP bought a new stake in shares of D.R. Horton during the fourth quarter worth $1,543,000. Stephens Inc. AR bought a new stake in shares of D.R. Horton during the fourth quarter worth $1,082,000. Finally, State of Tennessee Treasury Department boosted its stake in shares of D.R. Horton by 136.1% in the fourth quarter. State of Tennessee Treasury Department now owns 303,585 shares of the company’s stock worth $9,723,000 after buying an additional 175,018 shares in the last quarter.
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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