Investors Buy Shares of D. R. Horton (DHI) on Weakness

Investors bought shares of D. R. Horton Inc (NYSE:DHI) on weakness during trading hours on Monday. $63.05 million flowed into the stock on the tick-up and $31.05 million flowed out of the stock on the tick-down, for a money net flow of $32.00 million into the stock. Of all companies tracked, D. R. Horton had the 32nd highest net in-flow for the day. D. R. Horton traded down ($0.76) for the day and closed at $45.66

Several research analysts have weighed in on the stock. Buckingham Research upped their target price on shares of D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $49.00 price target (up from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods lowered shares of D. R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $45.66 to $37.30 in a research report on Monday. Wedbush set a $41.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, January 25th. Finally, Credit Suisse Group set a $46.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.92.

The stock has a market cap of $17.33 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36.

D. R. Horton (NYSE:DHI) last announced its earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Research analysts expect that D. R. Horton Inc will post 3.94 EPS for the current fiscal year.

In related news, Director Barbara K. Allen sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the sale, the director now owns 5,650 shares in the company, valued at $207,863.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.28, for a total transaction of $82,560.00. Following the sale, the director now owns 9,000 shares in the company, valued at approximately $371,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,666 shares of company stock worth $497,652. 6.87% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PRW Wealth Management LLC acquired a new stake in D. R. Horton during the fourth quarter worth approximately $30,000. Ropes Wealth Advisors LLC acquired a new stake in D. R. Horton during the first quarter worth approximately $37,000. Sage Capital Advisors llc acquired a new stake in D. R. Horton during the fourth quarter worth approximately $31,000. Semmax Financial Advisors Inc. acquired a new stake in D. R. Horton during the fourth quarter worth approximately $33,000. Finally, JOYN Advisors Inc. boosted its position in D. R. Horton by 37.0% during the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

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About D. R. Horton (NYSE:DHI)

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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