D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat Sells 38,000 Shares

D. R. Horton Inc (NYSE:DHI) CFO Bill W. Wheat sold 38,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.04, for a total transaction of $2,091,520.00. Following the sale, the chief financial officer now owns 199,718 shares in the company, valued at approximately $10,992,478.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

D. R. Horton stock traded up $0.58 during mid-day trading on Wednesday, hitting $55.34. The company’s stock had a trading volume of 3,809,344 shares, compared to its average volume of 4,892,932. The company has a debt-to-equity ratio of 0.33, a current ratio of 7.25 and a quick ratio of 1.35. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.03 and a beta of 1.00. The business has a 50 day moving average price of $53.49 and a 200-day moving average price of $48.70. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $55.80.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, November 12th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.10. D. R. Horton had a return on equity of 16.63% and a net margin of 9.20%. The firm had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that D. R. Horton Inc will post 4.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. D. R. Horton’s payout ratio is 16.32%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in D. R. Horton by 8.7% in the 2nd quarter. Janus Henderson Group PLC now owns 178,226 shares of the construction company’s stock worth $7,688,000 after purchasing an additional 14,294 shares during the period. Cibc World Markets Corp boosted its stake in shares of D. R. Horton by 31.2% during the second quarter. Cibc World Markets Corp now owns 59,015 shares of the construction company’s stock valued at $2,545,000 after purchasing an additional 14,017 shares during the period. Ibex Wealth Advisors bought a new position in shares of D. R. Horton in the second quarter worth approximately $41,000. Hi Line Capital Management LLC grew its holdings in shares of D. R. Horton by 0.7% in the second quarter. Hi Line Capital Management LLC now owns 156,286 shares of the construction company’s stock worth $6,741,000 after purchasing an additional 1,011 shares during the last quarter. Finally, Appleton Partners Inc. MA increased its stake in shares of D. R. Horton by 66.9% in the second quarter. Appleton Partners Inc. MA now owns 27,130 shares of the construction company’s stock worth $1,170,000 after buying an additional 10,870 shares during the period. 83.89% of the stock is owned by institutional investors.

A number of research firms have recently issued reports on DHI. JMP Securities lifted their price objective on shares of D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. Wells Fargo & Co increased their target price on D. R. Horton from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seaport Global Securities began coverage on D. R. Horton in a research note on Friday, August 23rd. They set a “buy” rating and a $59.00 price target for the company. BTIG Research lifted their price target on D. R. Horton from $62.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Buckingham Research cut D. R. Horton from a “buy” rating to a “neutral” rating and set a $58.00 price objective for the company. in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. D. R. Horton has an average rating of “Buy” and an average target price of $51.92.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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Insider Buying and Selling by Quarter for D. R. Horton (NYSE:DHI)

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