Notable Mover: Can D.R. Horton, Inc.’s Tomorrow be Different? The Stock Declines Again

Notable Mover: Can D.R. Horton, Inc.'s Tomorrow be Different? The Stock Declines Again

The stock of D.R. Horton, Inc. (NYSE:DHI) is a huge mover today! About 9.77 million shares traded hands or 159.15% up from the average. D.R. Horton, Inc. (NYSE:DHI) has declined 3.61% since April 6, 2016 and is downtrending. It has underperformed by 5.57% the S&P500.
The move comes after 8 months negative chart setup for the $10.55B company. It was reported on Nov, 8 by Barchart.com. We have $26.36 PT which if reached, will make NYSE:DHI worth $527.50 million less.

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. Barclays Capital maintained D.R. Horton, Inc. (NYSE:DHI) rating on Tuesday, October 13. Barclays Capital has “Equal-Weight” rating and $31 price target. The rating was downgraded by UBS on Monday, January 18 to “Neutral”. FBN Securities upgraded it to “Sector Perform” rating and $27.50 target price in Monday, October 10 report. As per Tuesday, November 10, the company rating was maintained by Compass Point. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Buy” rating by Vetr on Tuesday, September 22. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 11. The rating was downgraded by Raymond James on Friday, January 8 to “Market Perform”. On Thursday, September 17 the stock rating was maintained by Wood with “Overweight”. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Equalweight” rating by Barclays Capital on Thursday, April 7. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 26.

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 2016 Q2. 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.
Dekabank Deutsche Girozentrale reported 26,649 shares or 0.01% of all its holdings. British Columbia Investment accumulated 0.06% or 214,614 shares. The Ohio-based Cleararc has invested 0.05% in D.R. Horton, Inc. (NYSE:DHI). Sandy Spring Retail Bank holds 0% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 413 shares. Sg Americas Securities Ltd Liability Co holds 15,301 shares or 0% of its portfolio. Voya Management Ltd Liability holds 213,838 shares or 0.02% of its portfolio. Robeco Institutional Asset Management Bv accumulated 107,609 shares or 0.03% of the stock. Glenmede Tru Na has 426,025 shares for 0.08% of their US portfolio. Herndon Cap Llc last reported 0% of its portfolio in the stock. Cypress Asset Tx, a Texas-based fund reported 6,575 shares. Amg Natl State Bank owns 26,100 shares or 0.07% of their US portfolio. Commonwealth Fincl Bank Of Australia holds 0% or 2,332 shares in its portfolio. Northcoast Asset Mgmt Llc has 50,887 shares for 0.11% of their US portfolio. Tcw Grp has invested 0.11% of its portfolio in D.R. Horton, Inc. (NYSE:DHI). Wexford Ltd Partnership has 215,731 shares for 1.18% of their US portfolio.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 3 selling transactions for $678,062 net activity. Another trade for 12,000 shares valued at $405,553 was made by BUCHANAN MICHAEL R on Monday, July 25. 3,333 D.R. Horton, Inc. (NYSE:DHI) shares with value of $113,169 were sold by Allen Barbara K. Hewatt Michael W sold $159,340 worth of D.R. Horton, Inc. (NYSE:DHI) on Wednesday, August 31.

More notable recent D.R. Horton, Inc. (NYSE:DHI) news were published by: Reuters.com which released: “DR Horton posts slowest order growth in nearly three years” on November 08, 2016, also Benzinga.com with their article: “D.R. Horton Posts Mixed Q4 Results, Reaffirms Outlook” published on November 08, 2016, Benzinga.com published: “Earnings Scheduled For November 8, 2016” on November 08, 2016. More interesting news about D.R. Horton, Inc. (NYSE:DHI) were released by: Nasdaq.com and their article: “D.R. Horton Shares Slide as New Orders Disappoint” published on November 08, 2016 as well as Businessinsider.com‘s news article titled: “DR Horton beats as it sells more homes at higher prices” 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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