D.R. Horton Inc. (DHI) Trading Down 2.2%
D.R. Horton Inc. (NYSE:DHI)’s share price was down 2.2% during trading on Friday . The company traded as low as $31.85 and last traded at $31.91, with a volume of 2,055,490 shares traded. The stock had previously closed at $32.63.
A number of equities analysts have commented on DHI shares. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research note on Tuesday, June 28th. JMP Securities reaffirmed a “buy” rating and issued a $36.00 price target on shares of D.R. Horton in a research note on Wednesday, June 15th. Zacks Investment Research cut D.R. Horton from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Argus reaffirmed a “buy” rating and issued a $39.00 price target on shares of D.R. Horton in a research note on Tuesday, July 26th. Finally, Royal Bank Of Canada boosted their target price on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.45.
The firm has a market cap of $11.89 billion and a PE ratio of 14.20. The stock’s 50-day moving average price is $32.99 and its 200 day moving average price is $30.49.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The business earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that D.R. Horton Inc. will post $2.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.32 annualized dividend and a yield of 1.00%.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the transaction, the director now directly owns 8,983 shares in the company, valued at approximately $304,972.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 12,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $33.80, for a total value of $405,600.00. Following the transaction, the director now owns 12,940 shares in the company, valued at $437,372. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in DHI. Stephens Inc. AR purchased a new position in D.R. Horton during the fourth quarter valued at approximately $1,082,000. Suntrust Banks Inc. purchased a new position in D.R. Horton during the fourth quarter valued at approximately $1,175,000. Trexquant Investment LP purchased a new position in D.R. Horton during the fourth quarter valued at approximately $1,543,000. American International Group Inc. increased its position in D.R. Horton by 2.5% in the fourth quarter. American International Group Inc. now owns 131,273 shares of the company’s stock valued at $4,204,000 after buying an additional 3,202 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in 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 valued at $9,723,000 after buying an additional 175,018 shares during 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.