D.R. Horton Inc. (NYSE:DHI) Director Barbara K. Allen sold 3,333 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now owns 8,983 shares of the company’s stock, valued at $304,972.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.94%.
Several research analysts have recently commented on DHI shares. Royal Bank Of Canada raised their price target on D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Zacks Investment Research lowered D.R. Horton from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Bank of America Corp. lowered D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Friday. Argus started coverage on D.R. Horton in a research report on Friday, June 17th. They set a “buy” rating and a $39.00 price target for the company. Finally, Sterne Agee CRT lowered D.R. Horton from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Friday, April 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.45.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.66 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.66. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the prior year, the business earned $0.60 EPS. D.R. Horton’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton Inc. will post $2.38 EPS for the current year.
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
