Michael W. Hewatt Sells 1,000 Shares of D. R. Horton Inc (NYSE:DHI) Stock

D. R. Horton Inc (NYSE:DHI) Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $53.45, for a total transaction of $53,450.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $53,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $93,134.73.

NYSE:DHI opened at $55.45 on Wednesday. The company has a 50-day moving average of $53.71 and a 200-day moving average of $50.65. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 1.26 and a beta of 1.60. D. R. Horton Inc has a 52 week low of $25.51 and a 52 week high of $62.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 7.25.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.18. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.48 billion. D. R. Horton had a net margin of 10.26% and a return on equity of 17.70%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Sell-side analysts forecast that D. R. Horton Inc will post 4.45 EPS for the current year.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of D. R. Horton from an “overweight” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Thursday, June 11th. Royal Bank of Canada increased their target price on D. R. Horton from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Raymond James downgraded D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of D. R. Horton from a “sell” rating to a “buy” rating and lowered their price objective for the stock from $54.00 to $45.00 in a research note on Thursday, April 2nd. Finally, Barclays increased their price target on shares of D. R. Horton from $48.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. D. R. Horton presently has a consensus rating of “Buy” and a consensus target price of $55.12.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its holdings in D. R. Horton by 1.4% during the 1st quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock valued at $537,765,000 after purchasing an additional 223,481 shares during the last quarter. Capital World Investors lifted its holdings in D. R. Horton by 38.6% during the 1st quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock valued at $337,496,000 after purchasing an additional 2,763,163 shares during the last quarter. Geode Capital Management LLC lifted its holdings in D. R. Horton by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock valued at $213,586,000 after purchasing an additional 407,057 shares during the last quarter. Norges Bank bought a new position in D. R. Horton during the 4th quarter valued at about $179,337,000. Finally, Capital Research Global Investors bought a new position in D. R. Horton during the 1st quarter valued at about $106,232,000. 83.41% of the stock is owned by hedge funds and other institutional investors.

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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