Insider Selling: D. R. Horton Inc (NYSE:DHI) Director Sells 1,000 Shares of Stock
D. R. Horton Inc (NYSE:DHI) Director Michael W. Hewatt sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $53,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael W. Hewatt also recently made the following trade(s):
- On Monday, May 18th, Michael W. Hewatt sold 1,833 shares of D. R. Horton stock. The shares were sold at an average price of $50.81, for a total value of $93,134.73.
Shares of NYSE:DHI opened at $55.45 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 7.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $20.16 billion, a PE ratio of 10.94, a P/E/G ratio of 1.26 and a beta of 1.60. D. R. Horton Inc has a twelve month low of $25.51 and a twelve month high of $62.54. The company has a 50-day moving average price of $53.71 and a two-hundred day moving average price of $50.65.
A number of large investors have recently modified their holdings of the business. State Street Corp boosted its position in D. R. Horton by 1.4% during the first quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock worth $537,765,000 after purchasing an additional 223,481 shares during the period. Capital World Investors boosted its position in D. R. Horton by 38.6% during the first quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock worth $337,496,000 after purchasing an additional 2,763,163 shares during the period. Geode Capital Management LLC boosted its position in D. R. Horton by 6.9% during the first quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock worth $213,586,000 after purchasing an additional 407,057 shares during the period. Norges Bank bought a new position in shares of D. R. Horton in the fourth quarter valued at approximately $179,337,000. Finally, Capital Research Global Investors bought a new position in shares of D. R. Horton in the first quarter valued at approximately $106,232,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.
A number of equities research analysts have commented on DHI shares. Susquehanna Bancshares raised D. R. Horton from a “neutral” rating to a “positive” rating and reduced their price objective for the company from $62.00 to $48.00 in a research note on Monday, April 13th. Cfra raised D. R. Horton from a “hold” rating to a “strong-buy” rating and lifted their target price for the company from $51.00 to $55.00 in a research report on Wednesday, May 13th. Barclays lifted their target price on D. R. Horton from $48.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Co lifted their target price on D. R. Horton from $43.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a report on Thursday, June 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.12.
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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