The stock last traded at $44.21 which is marginally higher than $40.34, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $36.15. The 50 day moving average moved up $3.87 and the 200 day average was up $8.06. Trading volume for D.R. Horton, Inc. was 4,211K by the end of trading on Tuesday. Trading volume was up 28.79% over the stocks average daily volume.
Investors are feeling more bullish on D.R. Horton, Inc. recently as inferred by the fall in short interest. The company saw a fall in short interest between September 29, 2017 and October 13, 2017 of -1.00%. Short shares decreased 95,669 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares was 0.03% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (DHI). Raymond James Financial Services Advisors, Inc. grew its holdings by buying 7,369 shares an increase of 20.8% as of 09/30/2017. Raymond James Financial Services Advisors, Inc. currently owns 42,836 shares worth $1,710,000. The total value of its holdings increased 39.5%. Aperio Group, LLC added to its investment by buying 11,261 shares an increase of 7.4%. Aperio Group, LLC now holds 163,808 shares valued at $6,541,000. The value of the position overall is up by 24.0%.
As of the end of the quarter Korea Investment Corp had bought a total of 10,500 shares growing its holdings by 1.1%. The value of the investment in (DHI) increased from $32,827,000 to $38,336,000 a change of 16.8% for the reporting period. Andra Ap-fonden augmented its ownership by buying 7,100 shares an increase of 6.3% from 06/30/2017 to 09/30/2017. Andra Ap-fonden now controls 119,200 shares with a value of $4,760,000. The total value of its holdings increased 22.8%.
October 9 investment analysts at Citigroup left the stock rating at “Neutral” but raised the price target from $28.00 to $42.00. On October 20 KeyBanc made no change to the stock rating of “Buy” and raised the price expectation to $46.00 from $30.00.
In the market the company is trading down by 0.23% percent from yesterday’s close. Additionally D.R. Horton, Inc. announced a dividend paid on Wednesday August 23rd, 2017. The dividend was $0.100 per share for the quarter which comes to $0.40 on an annualized basis. This dividend represents a yield of $0.90 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 7th of August 2017.
The company’s P/E ratio is 16.56 and the market cap is 16.55B. In the last earnings report the EPS was $2.67 and is estimated to be $2.74 for the current year with 374,283,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.57 with next year’s EPS projected to be $3.16.
D.R. Horton, Inc., launched on July 1, 1991, is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Business’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. It operates under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Regent Homes, Crown Communities and Pacific Ridge Homes..