What Will Happen to D.R. Horton, Inc. Next? The Stock Just Had Huge Bullish Options Activity

 What Will Happen to D.R. Horton, Inc. Next? The Stock Just Had Huge Bullish Options Activity

In today’s session D.R. Horton, Inc. (DHI) registered an unusually high (243) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DHI increase. With 243 contracts traded and 182184 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DHI170120C00030000 closed last at: $0.49 or 60.5% down. About 2.01 million shares traded hands. D.R. Horton, Inc. (NYSE:DHI) has declined 9.70% since April 8, 2016 and is downtrending. It has underperformed by 15.35% the S&P500.

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. $39 is the highest target while $27 is the lowest. The $33.04 average target is 18.55% above today’s ($27.87) stock price. DR Horton Inc has been the topic of 28 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of D.R. Horton, Inc. (NYSE:DHI) has “Outperform” rating given on Thursday, September 29 by Wells Fargo. As per Monday, September 21, the company rating was downgraded by Deutsche Bank. Argus Research initiated the stock with “Buy” rating in Friday, June 17 report. The rating was initiated by Wedbush with “Outperform” on Tuesday, September 20. The stock of D.R. Horton, Inc. (NYSE:DHI) has “Outperform” rating given on Monday, March 21 by RBC Capital Markets. The company was maintained on Wednesday, November 11 by RBC Capital Markets. As per Tuesday, January 19, the company rating was upgraded by Sterne Agee CRT. The stock of D.R. Horton, Inc. (NYSE:DHI) earned “Buy” rating by Bank of America on Tuesday, September 13. FBN Securities upgraded the shares of DHI in a report on Monday, October 10 to “Sector Perform” rating. The stock has “Equalweight” rating given by Barclays Capital on Thursday, April 7.

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 improved, 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.
Parametric Risk Advisors Lc last reported 865,000 shares in the company. Envestnet Asset Management holds 164,354 shares or 0.02% of its portfolio. Invesco last reported 0.04% of its portfolio in the stock. Alpha Windward Llc holds 0.33% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 14,552 shares. Blackrock Grp Inc Limited holds 2.93M shares or 0.05% of its portfolio. Parsons Cap Mgmt Ri accumulated 0.06% or 14,132 shares. Greenhaven Assocs last reported 4.12% of its portfolio in the stock. Lpl Ltd Liability Corporation reported 22,041 shares or 0.01% of all its holdings. Weiss Multi, a Alabama-based fund reported 59,205 shares. Us Savings Bank De, a Minnesota-based fund reported 157,767 shares. Srb reported 4,782 shares or 0.02% of all its holdings. Grs Advsrs Limited Liability Corporation has 533,758 shares for 4.69% of their US portfolio. The Connecticut-based Wexford Cap L P has invested 1.18% in D.R. Horton, Inc. (NYSE:DHI). Ing Groep Nv owns 602,213 shares or 0.25% of their US portfolio. United Asset Strategies reported 67,618 shares or 0.8% of all its holdings.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 3 selling transactions for $678,062 net activity. 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 stock. BUCHANAN MICHAEL R had sold 12,000 shares worth $405,553.

D.R. Horton, Inc. is a homebuilding company. The company has a market cap of $10.29 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 11.81 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.

More recent D.R. Horton, Inc. (NYSE:DHI) news were published by: Nasdaq.com which released: “Earnings Reaction History: D.R. Horton, Inc., 50.0% Follow-Through Indicator …” on November 08, 2016. Also Businessinsider.com published the news titled: “DR Horton beats as it sells more homes at higher prices” on November 08, 2016. Wsj.com‘s news article titled: “DR Horton Shares Slide as New Orders Disappoint” with publication date: November 08, 2016 was also an interesting one.

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