D.R. Horton Inc. (DHI) Reaches New 52-Week High at $34.28
D.R. Horton Inc. (NYSE:DHI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.28 and last traded at $34.06, with a volume of 1,497,563 shares trading hands. The stock had previously closed at $33.90.
A number of brokerages have weighed in on DHI. Credit Suisse Group AG restated a “hold” rating on shares of D.R. Horton in a report on Tuesday. Barclays PLC raised their price objective on D.R. Horton from $32.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, April 22nd. MKM Partners raised their price objective on D.R. Horton from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, April 22nd. Sterne Agee CRT lowered D.R. Horton from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Friday, April 22nd. They noted that the move was a valuation call. Finally, FBN Securities lowered D.R. Horton from a “sector perform” rating to an “underperform” rating in a report on Monday, April 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. D.R. Horton has an average rating of “Hold” and a consensus price target of $31.65.
The stock has a market capitalization of $12.54 billion and a P/E ratio of 15.52. The firm’s 50-day moving average is $31.58 and its 200-day moving average is $29.41.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. On average, analysts anticipate that D.R. Horton Inc. will post $2.39 earnings per share for the current year.
In related news, Chairman Donald R. Horton sold 149,035 shares of the stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $29.88, for a total transaction of $4,453,165.80. Following the transaction, the chairman now directly owns 24,977,347 shares in the company, valued at $746,323,128.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bill W. Wheat sold 40,000 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $30.37, for a total value of $1,214,800.00. Following the transaction, 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 institutional investors have added to or reduced their stakes in the company. Ashburton Jersey Ltd acquired a new position in D.R. Horton during the fourth quarter valued at $5,651,000. Dimensional Fund Advisors LP increased its position in D.R. Horton by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,461,124 shares of the company’s stock valued at $110,872,000 after buying an additional 139,105 shares during the period. Catalyst Capital Advisors LLC increased its position in D.R. Horton by 100.0% in the fourth quarter. Catalyst Capital Advisors LLC now owns 220,000 shares of the company’s stock valued at $7,047,000 after buying an additional 110,000 shares during the period. Stephens Inc. AR acquired a new position in D.R. Horton during the fourth quarter valued at $1,082,000. Finally, Redwood Investments LLC acquired a new position in D.R. Horton during the fourth quarter valued at $17,936,000.
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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