D. R. Horton Inc (DHI) Director Sells $135,030.00 in Stock

D. R. Horton Inc (NYSE:DHI) Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE DHI traded up $0.42 during trading hours on Monday, reaching $45.38. 184,484 shares of the company’s stock were exchanged, compared to its average volume of 4,047,801. D. R. Horton Inc has a one year low of $34.95 and a one year high of $53.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 7.06. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.09 and a beta of 1.17.

D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 26th. The construction company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the business earned $0.76 EPS. D. R. Horton’s revenue for the quarter was up 17.4% compared to the same quarter last year. analysts predict that D. R. Horton Inc will post 4.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. D. R. Horton’s payout ratio is 18.25%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in D. R. Horton by 0.5% during the 2nd quarter. BlackRock Inc. now owns 30,114,048 shares of the construction company’s stock worth $1,234,675,000 after purchasing an additional 161,262 shares in the last quarter. Sanders Capital LLC increased its stake in D. R. Horton by 0.7% during the 2nd quarter. Sanders Capital LLC now owns 13,982,216 shares of the construction company’s stock worth $619,467,000 after purchasing an additional 91,680 shares in the last quarter. FMR LLC increased its stake in D. R. Horton by 1.8% during the 2nd quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock worth $524,694,000 after purchasing an additional 223,953 shares in the last quarter. Greenhaven Associates Inc. increased its stake in D. R. Horton by 6.8% during the 2nd quarter. Greenhaven Associates Inc. now owns 8,721,921 shares of the construction company’s stock worth $357,599,000 after purchasing an additional 557,592 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in D. R. Horton by 61.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,846,128 shares of the construction company’s stock worth $256,293,000 after purchasing an additional 2,216,643 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on DHI. Citigroup lowered their price target on D. R. Horton from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, June 20th. JMP Securities lowered their price target on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a research note on Friday, July 27th. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. MKM Partners lowered their price target on D. R. Horton to $52.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Finally, KeyCorp set a $54.00 price target on D. R. Horton and gave the company a “buy” rating in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $54.27.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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