In today’s session D.R. Horton, Inc. (DHI) registered an unusually high (170) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DHI increase. With 170 contracts traded and 30864 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DHI161118C00030000 closed last at: $0.26 or 31.6% down. About 1.33M shares traded hands. D.R. Horton, Inc. (NYSE:DHI) has declined 6.77% since March 29, 2016 and is downtrending. It has underperformed by 10.25% the S&P500.
Analysts await D.R. Horton, Inc. (NYSE:DHI) to report earnings on November, 8. They expect $0.77 EPS, up 20.31% or $0.13 from last year’s $0.64 per share. DHI’s profit will be $292.54M for 9.41 P/E if the $0.77 EPS becomes a reality. After $0.66 actual EPS reported by D.R. Horton, Inc. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
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 27 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, June 17 by Argus Research. The firm has “Buy” rating given on Tuesday, September 13 by Bank of America. The firm earned “Equalweight” rating on Thursday, April 7 by Barclays Capital. The stock of D.R. Horton, Inc. (NYSE:DHI) has “Outperform” rating given on Tuesday, September 20 by Wedbush. FBN Securities upgraded the shares of DHI in a report on Monday, October 10 to “Sector Perform” rating. The rating was downgraded by Bank of America to “Neutral” on Friday, July 22. The company was maintained on Tuesday, October 13 by Barclays Capital. As per Monday, September 21, the company rating was downgraded by Deutsche Bank. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 26. The firm has “Neutral” rating given on Monday, January 18 by UBS.
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 is positive, 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.
Moreover, Fifth Third Retail Bank has 0.12% invested in D.R. Horton, Inc. (NYSE:DHI) for 456,226 shares. The New York-based Gotham Asset Management Ltd Liability Corp has invested 0.03% in D.R. Horton, Inc. (NYSE:DHI). Tradewinds Mgmt Lc has 127 shares for 0% of their US portfolio. Arizona State Retirement System holds 81,000 shares or 0.04% of its portfolio. Moreover, Swiss State Bank has 0.05% invested in D.R. Horton, Inc. (NYSE:DHI) for 984,674 shares. Bb&T Securities owns 141,343 shares or 0.07% of their US portfolio. Moreover, Ubs Asset Mgmt Americas has 0.03% invested in D.R. Horton, Inc. (NYSE:DHI) for 779,507 shares. Financial Architects Inc last reported 0% of its portfolio in the stock. Davidson Inv Advsrs has 1.2% invested in the company for 227,992 shares. Salient Cap Ltd Limited Liability Company reported 8,000 shares or 0.01% of all its holdings. Axa last reported 9,600 shares in the company. First Business Fin Services owns 12,617 shares or 0.1% of their US portfolio. Marketfield Asset Mngmt Lc holds 920,600 shares or 1.27% of its portfolio. Next Century Growth holds 307,101 shares or 0.45% of its portfolio. Moreover, Gagnon Secs Limited Liability Company has 0.19% invested in D.R. Horton, Inc. (NYSE:DHI) for 12,299 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 3 insider sales for $678,062 net activity. $1.21 million worth of shares were sold by WHEAT BILL W on Monday, May 2. Hewatt Michael W had sold 5,000 shares worth $159,340. Murray Michael J sold $89,308 worth of stock or 2,944 shares. $113,169 worth of shares were sold by Allen Barbara K on Friday, July 22. $405,553 worth of D.R. Horton, Inc. (NYSE:DHI) was sold by BUCHANAN MICHAEL R on Monday, July 25.
D.R. Horton, Inc. is a homebuilding company. The company has a market cap of $11.01 billion. 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. It has a 12.87 P/E ratio. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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.
Another recent and important D.R. Horton, Inc. (NYSE:DHI) news was published by Businesswire.com which published an article titled: “D.R. Horton, Inc., America’s Builder, to Release 2016 Fourth Quarter and …” on October 04, 2016.
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