D.R. Horton, Inc. (NYSE:DHI) COO Michael J. Murray sold 13,850 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $33.55, for a total transaction of $464,667.50. Following the transaction, the chief operating officer now owns 33,855 shares in the company, valued at $1,135,835.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of D.R. Horton, Inc. (NYSE:DHI) opened at 33.27 on Thursday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 13.37 and a beta of 1.12. D.R. Horton, Inc. has a 1-year low of $26.69 and a 1-year high of $34.56. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $29.64.
D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, January 24th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.07. D.R. Horton had a net margin of 7.40% and a return on equity of 14.10%. The firm earned $2.83 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. Equities research analysts predict that D.R. Horton, Inc. will post $2.74 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Friday, February 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 1st. This represents a $0.40 annualized dividend and a yield of 1.20%. D.R. Horton’s dividend payout ratio (DPR) is currently 16.13%.
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A number of institutional investors have recently bought and sold shares of DHI. State Street Corp increased its position in D.R. Horton by 10.6% in the fourth quarter. State Street Corp now owns 17,364,580 shares of the company’s stock valued at $474,570,000 after buying an additional 1,657,355 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in D.R. Horton by 5.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,998,273 shares of the company’s stock valued at $271,748,000 after buying an additional 461,418 shares in the last quarter. AQR Capital Management LLC boosted its stake in D.R. Horton by 8.3% in the fourth quarter. AQR Capital Management LLC now owns 7,411,690 shares of the company’s stock valued at $202,562,000 after buying an additional 568,013 shares in the last quarter. Greenhaven Associates Inc. boosted its stake in D.R. Horton by 1.7% in the third quarter. Greenhaven Associates Inc. now owns 6,779,531 shares of the company’s stock valued at $204,742,000 after buying an additional 111,616 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in D.R. Horton by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,966,421 shares of the company’s stock valued at $135,741,000 after buying an additional 149,073 shares in the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.
DHI has been the topic of a number of recent research reports. Vetr upgraded shares of D.R. Horton from a “strong sell” rating to a “sell” rating and set a $25.52 price target on the stock in a research report on Monday, November 28th. Barclays PLC assumed coverage on shares of D.R. Horton in a report on Thursday, January 5th. They issued an “equal weight” rating and a $28.00 target price on the stock. Keefe, Bruyette & Woods upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, December 13th. Citigroup Inc boosted their target price on shares of D.R. Horton from $31.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Finally, BTIG Research assumed coverage on shares of D.R. Horton in a report on Tuesday, February 7th. They issued a “buy” rating and a $38.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.63.
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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