Traders Sell D.R. Horton Inc. (DHI) on Strength (DHI)
Traders sold shares of D.R. Horton Inc. (NYSE:DHI) on strength during trading hours on Friday. $16.51 million flowed into the stock on the tick-up and $37.03 million flowed out of the stock on the tick-down, for a money net flow of $20.52 million out of the stock. Of all equities tracked, D.R. Horton had the 0th highest net out-flow for the day. D.R. Horton traded up $0.99 for the day and closed at $33.82
Several brokerages have recently commented on DHI. MKM Partners increased their price objective on D.R. Horton from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Friday, April 22nd. Credit Suisse Group AG reiterated a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. JMP Securities reiterated a “buy” rating and set a $36.00 price objective on shares of D.R. Horton in a research report on Wednesday, June 15th. FBN Securities lowered D.R. Horton from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 18th. Finally, Zacks Investment Research lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. D.R. Horton presently has a consensus rating of “Hold” and a consensus price target of $31.65.
The company’s 50-day moving average price is $31.02 and its 200-day moving average price is $29.33. The stock has a market capitalization of $12.54 billion and a P/E ratio of 15.53.
D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 21st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.69 billion. D.R. Horton’s quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts expect that D.R. Horton Inc. will post $2.38 earnings per share for the current year.
In related news, COO Michael J. Murray sold 2,944 shares of the business’s 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 in the company, valued at $404,856.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Donald R. Horton sold 149,035 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $29.88, for a total value of $4,453,165.80. Following the completion of the sale, the chairman now owns 24,977,347 shares in the company, valued at $746,323,128.36. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Winton Capital Group Ltd purchased a new stake in D.R. Horton during the fourth quarter worth approximately $17,335,000. Fagan Associates Inc. increased its stake in shares of D.R. Horton by 4.0% in the fourth quarter. Fagan Associates Inc. now owns 89,010 shares of the company’s stock worth $2,851,000 after buying an additional 3,430 shares during the period. Artemis Investment Management LLP increased its stake in shares of D.R. Horton by 6.0% in the fourth quarter. Artemis Investment Management LLP now owns 405,930 shares of the company’s stock worth $12,998,000 after buying an additional 23,000 shares during the period. Bar Harbor Trust Services bought a new stake in shares of D.R. Horton during the fourth quarter worth about $5,349,000. Finally, CG Asset Management LLC increased its stake in shares of D.R. Horton by 1.3% in the fourth quarter. CG Asset Management LLC now owns 201,645 shares of the company’s stock worth $6,459,000 after buying an additional 2,650 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.