The stock of D.R. Horton, Inc. (NYSE:DHI) is a huge mover today! About 2.50 million shares traded hands. D.R. Horton, Inc. (NYSE:DHI) has declined 9.26% since April 11, 2016 and is downtrending. It has underperformed by 15.41% the S&P500.
The move comes after 6 months positive chart setup for the $10.23B company. It was reported on Nov, 11 by Barchart.com. We have $42.00 PT which if reached, will make NYSE:DHI worth $5.42B more.
D.R. Horton, Inc. (NYSE:DHI) Ratings Coverage
Out of 15 analysts covering DR Horton Inc (NYSE:DHI), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. DR Horton Inc has been the topic of 28 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 22 by Vetr. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Buy” rating by Argus Research on Friday, June 17. The firm has “Neutral” rating by Bank of America given on Friday, July 22. The company was upgraded on Tuesday, January 19 by Sterne Agee CRT. Wells Fargo initiated the shares of DHI in a report on Thursday, September 29 with “Outperform” rating. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Outperform” rating by RBC Capital Markets on Monday, March 21. The rating was maintained by Wood with “Overweight” on Thursday, September 17. FBN Securities upgraded it to “Sector Perform” rating and $27.50 target price in Monday, October 10 report. The firm has “Market Perform” rating by Raymond James given on Friday, January 8. UBS downgraded the shares of DHI in a report on Monday, January 18 to “Neutral” rating.
According to Zacks Investment Research, “D.R. Horton, Inc., one of the largest homebuilders in the United States, builds high quality, single-family homes designed principally for the entry-level and move-up markets. Founded in 1978, the company builds and sells homes with a geographic presence in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. The company also provides mortgage financing and title services.”
Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.04, from 1 in 2016Q1. The ratio increased, as 35 funds sold all D.R. Horton, Inc. shares owned while 173 reduced positions. 52 funds bought stakes while 165 increased positions. They now own 306.26 million shares or 2.23% less from 313.26 million shares in 2016Q1.
Aviance Mngmt Limited Liability Corporation holds 0.04% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 41,572 shares. The Ontario – Canada-based Sun Life has invested 0.07% in D.R. Horton, Inc. (NYSE:DHI). First Foundation Advisors owns 8,067 shares or 0.02% of their US portfolio. Huntington Bank & Trust reported 23,857 shares or 0.02% of all its holdings. Lmr Prtnrs Limited Liability Partnership reported 8,812 shares or 0.04% of all its holdings. Great West Life Assurance Company Can, a Manitoba – Canada-based fund reported 160,319 shares. Ubs Asset Americas Inc has 779,507 shares for 0.03% of their US portfolio. Glenmede Trust Co Na holds 0.08% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 426,025 shares. Bb&T accumulated 0.14% or 207,847 shares. Usa Financial Portformulas Corporation has invested 0.06% of its portfolio in D.R. Horton, Inc. (NYSE:DHI). Exxonmobil Invest Management Tx has 85,452 shares for 0.06% of their US portfolio. Rech Investors last reported 6.69 million shares in the company. Norinchukin Bank The holds 0.01% or 17,315 shares in its portfolio. Moreover, Nationwide Fund Advsrs has 0.05% invested in D.R. Horton, Inc. (NYSE:DHI) for 379,049 shares. Da Davidson Communication owns 138,974 shares or 0.13% of their US portfolio.
Insider Transactions: Since July 22, 2016, the stock had 0 buys, and 3 sales for $678,062 net activity. On Friday, July 22 Allen Barbara K sold $113,169 worth of the stock or 3,333 shares. 5,000 shares were sold by Hewatt Michael W, worth $159,340. Another trade for 12,000 shares valued at $405,553 was made by BUCHANAN MICHAEL R on Monday, July 25.
More important recent D.R. Horton, Inc. (NYSE:DHI) news were published by: Wsj.com which released: “Judge Fines DR Horton $16 Million Over HOA Management” on November 10, 2016, also Businessinsider.com published article titled: “DR Horton beats as it sells more homes at higher prices”, Wsj.com published: “DR Horton Shares Slide as New Orders Disappoint” on November 08, 2016. More interesting news about D.R. Horton, Inc. (NYSE:DHI) was released by: Benzinga.com and their article: “D.R. Horton Posts Mixed Q4 Results, Reaffirms Outlook” with publication date: November 08, 2016.
DHI Company Profile
D.R. Horton, Inc., incorporated on July 1, 1991, is a homebuilding company. The Firm 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. The Firm operates through two divisions: homebuilding and financial services operation. The Firm designs, manufactures and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company manufactures and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Firm sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.
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