D.R. Horton Inc. (NYSE:DHI) shares traded 0.02% higher at $119.02 on Wall Street last session.
DHI stock price is now -2.98% away from the 50-day moving average and 14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $40.88B.
With the price target maintained at $160, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for D.R. Horton Inc. (NYSE: DHI).
In other news, BUCHANAN MICHAEL R, Director sold 1,639 shares of the company’s stock on Aug 07. The stock was sold for $208,202 at an average price of $127.03. Upon completion of the transaction, the Director now directly owns 470 shares in the company, valued at $55939.4. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20, EVP and CFO WHEAT BILL W sold 32,000 shares of the business’s stock. A total of $3,769,994 was realized by selling the stock at an average price of $117.81. This leaves the insider owning 219,115 shares of the company worth $26.08 million. Insiders disposed of 3,506,614 shares of company stock worth roughly $417.36 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DHI stock. A new stake in D.R. Horton Inc. shares was purchased by BERKSHIRE HATHAWAY INC during the first quarter worth $710,515,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $175,942,000 in shares of DHI during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in D.R. Horton Inc. valued at approximately $126,177,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in DHI for approximately $115,782,000. SOUTHPOINT CAPITAL ADVISORS LP purchased a new stake in DHI valued at around $67,841,000 in the second quarter. In total, there are 1,233 active investors with 87.30% ownership of the company’s stock.
D.R. Horton Inc. (NYSE: DHI) opened at $119.00 on Thursday. During the past 12 months, D.R. Horton Inc. has had a low of $66.01 and a high of $132.30. The fifty day moving average price for DHI is $122.68 and a two-hundred day moving average price translates $103.91 for the stock.
The latest earnings results from D.R. Horton Inc. (NYSE: DHI) was released for Jun, 2023. According to the Residential Construction Company, earnings per share came in at $3.9, beating analysts’ expectations of $2.79 by 1.11. This compares to $4.70 EPS in the same period last year. The net profit margin was 14.10% and return on equity was 23.80% for DHI. The company reported revenue of $9.73 billion for the quarter, compared to $8.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.67 percent. For the current quarter, analysts expect DHI to generate $9.98B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/14/2023. Investors who held shares on 08/07/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.84% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, DHI is presently at 6.90%.
D.R. Horton Inc.(DHI) Company Profile
D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 106 markets across 33 states under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business. In addition, the company develops, constructs, owns, leases, and sells multi-family and single-family rental properties; owns non-residential real estate, including ranch land and improvements; and owns and operates energy related assets. It primarily serves homebuyers. D.R. Horton, Inc. was founded in 1978 and is headquartered in Arlington, Texas.
