D.R. Horton Inc. (DHI) Hits New 12-Month High at $34.28
D.R. Horton Inc. (NYSE:DHI) hit a new 52-week high on Thursday . The company traded as high as $34.28 and last traded at $34.06, with a volume of 1,497,563 shares changing hands. The stock had previously closed at $33.90.
A number of equities research analysts have weighed in on DHI shares. MKM Partners lifted their target price 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 reaffirmed a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. JMP Securities reaffirmed a “buy” rating and set a $36.00 target price 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 research 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 company. D.R. Horton currently has a consensus rating of “Hold” and an average target price of $31.65.
The company has a 50 day moving average price of $31.38 and a 200 day moving average price of $29.37. The company has a market cap of $12.62 billion and a PE ratio of 15.6198.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 21st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. Analysts expect that D.R. Horton Inc. will post $2.39 EPS for the current fiscal year.
In other D.R. Horton news, COO Michael J. Murray sold 2,944 shares of the firm’s stock in a transaction on 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 legal filing with the SEC, which can be accessed through this link. Also, CFO Bill W. Wheat sold 40,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $30.37, for a total value of $1,214,800.00. Following the completion of the sale, the chief financial officer now owns 108,014 shares in the company, valued at $3,280,385.18. The disclosure for this sale can be found here.
Other hedge funds have bought and sold shares of the company. Advantus Capital Management Inc boosted its stake in D.R. Horton by 3.9% in the fourth quarter. Advantus Capital Management Inc now owns 31,861 shares of the company’s stock worth $1,021,000 after buying an additional 1,194 shares in the last quarter. Stephens Inc. AR acquired a new stake in D.R. Horton during the fourth quarter worth $1,082,000. Suntrust Banks Inc. acquired a new stake in D.R. Horton during the fourth quarter worth $1,175,000. Trexquant Investment LP acquired a new stake in D.R. Horton during the fourth quarter worth $1,543,000. Finally, GAM Holding AG boosted its stake in D.R. Horton by 3.5% in the fourth quarter. GAM Holding AG now owns 68,015 shares of the company’s stock worth $2,179,000 after buying an additional 2,316 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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