Investors sold shares of D.R. Horton, Inc. (NYSE:DHI) on strength during trading hours on Thursday following insider selling activity. $21.20 million flowed into the stock on the tick-up and $72.52 million flowed out of the stock on the tick-down, for a money net flow of $51.32 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 $0.17 for the day and closed at $37.33Specifically, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total transaction of $374,600.00. Following the sale, the director now directly owns 36,828 shares of the company’s stock, valued at $1,379,576.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 9,000 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $37.06, for a total value of $333,540.00. Following the completion of the transaction, the director now directly owns 24,880 shares in the company, valued at approximately $922,052.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,666 shares of company stock worth $912,606. Insiders own 7.20% of the company’s stock.

A number of research firms have weighed in on DHI. BidaskClub raised D.R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wedbush reissued an “outperform” rating on shares of D.R. Horton in a report on Saturday. Deutsche Bank AG reissued a “hold” rating and issued a $36.00 target price (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. Raymond James Financial, Inc. raised D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Friday, June 30th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.00 target price on shares of D.R. Horton in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $36.59.

The company has a market cap of $13.91 billion, a PE ratio of 13.93 and a beta of 1.24. The company has a 50-day moving average of $36.19 and a 200-day moving average of $34.41.

D.R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, analysts expect that D.R. Horton, Inc. will post $2.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. D.R. Horton’s payout ratio is 15.04%.

D.R. Horton declared that its board has authorized a share repurchase program on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in D.R. Horton by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 35,093,759 shares of the construction company’s stock worth $1,213,190,000 after purchasing an additional 253,036 shares during the period. BlackRock Inc. raised its holdings in D.R. Horton by 4,643.2% in the 1st quarter. BlackRock Inc. now owns 31,771,328 shares of the construction company’s stock worth $1,058,305,000 after purchasing an additional 31,101,501 shares during the period. Sanders Capital LLC raised its holdings in D.R. Horton by 2.6% in the 1st quarter. Sanders Capital LLC now owns 22,094,609 shares of the construction company’s stock worth $753,622,000 after purchasing an additional 562,557 shares during the period. FMR LLC raised its holdings in D.R. Horton by 3.9% in the 2nd quarter. FMR LLC now owns 11,773,898 shares of the construction company’s stock worth $407,023,000 after purchasing an additional 446,612 shares during the period. Finally, Greenhaven Associates Inc. raised its holdings in D.R. Horton by 7.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 8,172,140 shares of the construction company’s stock worth $282,511,000 after purchasing an additional 532,534 shares during the period. 82.31% of the stock is owned by institutional investors.

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D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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