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.
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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