Traders Sell Shares of D. R. Horton (DHI) on Strength (DHI)
Traders sold shares of D. R. Horton Inc (NYSE:DHI) on strength during trading on Friday. $39.36 million flowed into the stock on the tick-up and $125.57 million flowed out of the stock on the tick-down, for a money net flow of $86.21 million out of the stock. Of all companies tracked, D. R. Horton had the 0th highest net out-flow for the day. D. R. Horton traded up $0.24 for the day and closed at $50.58
Several brokerages recently issued reports on DHI. Buckingham Research lifted their target price on D. R. Horton from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and set a $42.00 target price on shares of D. R. Horton in a research note on Monday, September 25th. Wedbush reissued an “outperform” rating on shares of D. R. Horton in a research note on Saturday, September 16th. Mizuho reissued a “hold” rating and set a $38.00 target price on shares of D. R. Horton in a research note on Friday, October 27th. Finally, Zelman & Associates downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.94.
The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. The firm has a market capitalization of $18,680.63, a P/E ratio of 18.25, a PEG ratio of 1.55 and a beta of 1.32.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.125 dividend. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, November 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.99%. D. R. Horton’s payout ratio is presently 18.32%.
In other D. R. Horton news, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now owns 100,081 shares of the company’s stock, valued at approximately $4,969,021.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael J. Murray sold 7,000 shares of D. R. Horton stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.23, for a total value of $337,610.00. Following the completion of the sale, the chief operating officer now directly owns 56,304 shares in the company, valued at approximately $2,715,541.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,677 shares of company stock worth $1,410,293. Corporate insiders own 7.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in DHI. Sirios Capital Management L P purchased a new position in shares of D. R. Horton in the 2nd quarter worth approximately $36,744,000. Gruss Capital Management LP purchased a new position in shares of D. R. Horton in the 3rd quarter worth approximately $35,342,000. Junto Capital Management LP purchased a new position in shares of D. R. Horton in the 2nd quarter worth approximately $29,747,000. PDT Partners LLC purchased a new position in shares of D. R. Horton in the 2nd quarter worth approximately $24,522,000. Finally, Impala Asset Management LLC boosted its holdings in shares of D. R. Horton by 278.8% in the 3rd quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock worth $38,039,000 after purchasing an additional 701,113 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.
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About D. R. Horton
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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