D. R. Horton Inc (NYSE:DHI) Director Michael W. Hewatt sold 1,000 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total transaction of $53,450.00. Following the sale, the director now directly owns 1,000 shares of the company's stock, valued at approximately $53,450. The transaction was disclosed in a filing 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 stock was sold at an average price of $50.81, for a total transaction of $93,134.73.
Shares of D. R. Horton stock traded up $1.59 on Monday, hitting $54.62. The stock had a trading volume of 2,128,888 shares, compared to its average volume of 4,943,747. The stock has a 50 day moving average of $53.61 and a 200 day moving average of $50.66. D. R. Horton Inc has a twelve month low of $25.51 and a twelve month 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. The firm has a market capitalization of $19.28 billion, a P/E ratio of 10.77, a PEG ratio of 1.26 and a beta of 1.60.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.12 by $0.18. D. R. Horton had a return on equity of 17.70% and a net margin of 10.26%. The company had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that D. R. Horton Inc will post 4.45 earnings per share for the current year.
DHI has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of D. R. Horton from $37.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 29th. They noted that the move was a valuation call. Wells Fargo & Co upped their price objective on shares of D. R. Horton from $43.00 to $52.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 29th. Goldman Sachs Group raised shares of D. R. Horton from a "sell" rating to a "buy" rating and cut their price objective for the stock from $54.00 to $45.00 in a research report on Thursday, April 2nd. Credit Suisse Group initiated coverage on shares of D. R. Horton in a research report on Wednesday, May 27th. They set an "outperform" rating and a $65.00 price objective for the company. Finally, Cfra raised shares of D. R. Horton from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $51.00 to $55.00 in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. D. R. Horton currently has a consensus rating of "Buy" and an average price target of $55.12.
Several institutional investors have recently added to or reduced their stakes in DHI. Trexquant Investment LP increased its position in D. R. Horton by 836.8% during the 4th quarter. Trexquant Investment LP now owns 100,936 shares of the construction company's stock valued at $5,324,000 after purchasing an additional 90,162 shares during the period. Belpointe Asset Management LLC increased its position in D. R. Horton by 6.8% during the 4th quarter. Belpointe Asset Management LLC now owns 10,716 shares of the construction company's stock valued at $565,000 after purchasing an additional 680 shares during the period. Watchman Group Inc. acquired a new stake in D. R. Horton during the 4th quarter valued at approximately $2,230,000. Private Advisor Group LLC increased its position in D. R. Horton by 13.6% during the 1st quarter. Private Advisor Group LLC now owns 32,318 shares of the construction company's stock valued at $1,099,000 after purchasing an additional 3,865 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in D. R. Horton by 36.1% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 64,223 shares of the construction company's stock valued at $2,184,000 after purchasing an additional 17,040 shares during the period. 83.41% of the stock is owned by 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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5 Travel Company Stocks Likely to Suffer From the Coronavirus
How important is the global travel and tourism industry? It’s a sector that accounts for about 10% of the world’s adult workforce. That’s 350 million people. The industry also accounts for at least 4% of the global gross domestic product (GDP).
In short, it’s an industry that accounts for trillions of dollars for the economy. And it relies on the most visible workers like pilots and cruise ship captains to the kitchen and housecleaning staff and servers. The travel industry is in many ways a service industry. But when there’s nobody to service, these businesses take a tumble.
And tumble it has. The world is going through a period of enforced social distancing. Many countries are taking even more extreme measures to lock down parts, or all, of their countries in an effort to contain the spread of the coronavirus and to flatten the curve to prevent healthcare workers and hospitals from being overwhelmed.
But that means fewer people are flying. Planned vacations are being canceled. And all of this is bad news for a sector that relies on the mobility of global travelers.
To be fair, the best of these companies should recover just fine. However, some of these companies had fundamental concerns that will be magnified by the loss of revenue.
View the "5 Travel Company Stocks Likely to Suffer From the Coronavirus".