Somewhat Favorable News Coverage Somewhat Unlikely to Impact D. R. Horton (DHI) Stock Price
News headlines about D. R. Horton (NYSE:DHI) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. D. R. Horton earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the construction company an impact score of 46.9410946798801 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- DR Horton, Inc. (NYSE:DHI) – Calculate PEG Before Making Any Investment Decision – Nasdaq Journal (press release) (nasdaqjournal.com)
- DR Horton (DHI) Updates Guidance for Impact of New US Tax Law – StreetInsider.com (streetinsider.com)
- Bordering on Key Levels: AbbVie Inc. (ABBV), DR Horton, Inc. (DHI) – Market Movers (financialqz.com)
- Horton Expects Favorable Impact from Tax Act (builderonline.com)
- D. R. Horton Inc (DHI) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
Shares of D. R. Horton (DHI) traded up $1.07 during mid-day trading on Thursday, hitting $52.04. The stock had a trading volume of 4,149,400 shares, compared to its average volume of 3,530,000. The stock has a market cap of $19,570.00, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. D. R. Horton has a fifty-two week low of $27.97 and a fifty-two week high of $53.32. The company has a current ratio of 6.93, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, November 30th. D. R. Horton’s dividend payout ratio is 18.25%.
A number of research firms have weighed in on DHI. Citigroup increased their price objective on D. R. Horton from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. JMP Securities set a $45.00 price objective on D. R. Horton and gave the stock a “buy” rating in a research report on Monday, October 16th. Zelman & Associates cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 price objective on shares of D. R. Horton in a research report on Monday, September 25th. Finally, ValuEngine cut D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.35.
In other news, Director Michael W. Hewatt sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $287,160. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael J. Murray sold 7,000 shares of the 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 transaction, the chief operating officer now directly owns 56,304 shares of the company’s stock, valued at $2,715,541.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,677 shares of company stock valued at $1,410,293. Company insiders own 6.74% 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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