D.R. Horton Inc. (DHI) Stock Price Down 2.5%
D.R. Horton Inc. (NYSE:DHI) fell 2.5% during trading on Friday . The company traded as low as $32.70 and last traded at $32.89, with a volume of 4,882,121 shares. The stock had previously closed at $33.74.
A number of research firms recently commented on DHI. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. Zacks Investment Research upgraded shares of D.R. Horton from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Monday, April 25th. Finally, Bank of America Corp. lowered 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 note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.45.
The firm has a market capitalization of $12.24 billion and a price-to-earnings ratio of 14.62. The firm has a 50 day moving average of $32.35 and a 200-day moving average of $29.69.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.25 billion. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that D.R. Horton Inc. will post $2.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.32 annualized dividend and a dividend yield of 0.97%.
In related news, COO Michael J. Murray sold 2,944 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 13,344 shares of the company’s stock, valued at $404,856.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $1,214,800.00. Following the transaction, the chief financial officer now directly owns 108,014 shares of the company’s stock, valued at $3,280,385.18. The disclosure for this sale can be found here.
A number of institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted 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 last quarter. Morgan Stanley boosted its position in D.R. Horton by 56.6% in the fourth quarter. Morgan Stanley now owns 3,214,773 shares of the company’s stock valued at $102,970,000 after buying an additional 1,161,270 shares during the last quarter. BlackRock Advisors LLC boosted its position in D.R. Horton by 46.2% in the fourth quarter. BlackRock Advisors LLC now owns 1,400,316 shares of the company’s stock valued at $44,852,000 after buying an additional 442,628 shares during the last quarter. OppenheimerFunds Inc. boosted its position in D.R. Horton by 37.3% in the fourth quarter. OppenheimerFunds Inc. now owns 605,173 shares of the company’s stock valued at $19,391,000 after buying an additional 164,333 shares during the last quarter. Finally, Redwood Investments LLC bought 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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