Thanks to a 9 sell/buy ratio, D.R. Horton, Inc. (NYSE:DHI) insider selling over the last three months picked up more than buying did. When insiders sell more shares of their company stock, it’s generally for one reason only: With inside knowledge of their company’s prospects, they expect the stock price to decline soon. DHI recorded 9 sales on the open market in the last three months. They sold nearly 334,250 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 588,819 shares when buyers snapped up no shares. The 12-month’s totals signify about a 29-to-1 sell/buy ratio.
Anderson Bradley S parted with a total of 10 thousand shares of D.R. Horton, Inc. (DHI) at average share price of $34.4. This insider trade in the company took place on 12/28/2018. The total for the sales was set at $344 thousand. After this transaction, the Director account balance stood at 32.19 thousand shares. The stock grew 15.12 percent since that insider sale. On 12/18/2018, Horton Donald R, Chairman, sold 163 thousand shares at a price per share of $36.08. This removed 5.88 million shares from the insider’s fortune and the stock saw a 9.76 percent rally in value since the news became public. This transaction left 23.67 million shares in the Chairman account.
On 12/07/2018, EVP and COO Murray Michael J performed a sale transaction worth $1.15 million. This sale at $37.13 each has eliminated 31 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 6.65 percent increase since the transaction was reported. The insider now is left with 81.1 thousand shares remaining in the account. Wheat Bill W, who performs the EVP and CFO job, sold 12.89 thousand shares for $486.16 thousand. The disposal occurred on 12/03/2018 was priced at $37.71 per share. The share price soared 5.01 percent since the reporting date. Wheat Bill W now left with a stake of 132.29 thousand DHI stock worth $5.24 million after the insider selling.
The 12-month median price target for D.R. Horton, Inc. (DHI) assigned by the analysts stands at $45, which represents a return potential of 13.64 percent when compared to the closing price of the stock of $39.6 on Friday, January 11. The lowest price target for the stock is $35.5 — slightly more than -10.35 percent from DHI’s current share price. The stock will probably climb 11.59 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $53-month high price target. This represents a whopping 33.84 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 69.83 on daily chart, which may remain a cause for concern. If the price breaks below $38.23 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $40.21 mark may result into a pull-back move towards $40.81 level. The stock is currently hovering around the first support level of $38.92. Below this, the next support is placed in the zone of $38.23. Till the time, the DHI stock trades above this level, bulls have nothing to fear.
Shares of D.R. Horton, Inc. (DHI) are trading at a P/E ratio of 15.4 times earnings reported for the past 12 months. The industry DHI operates in has an average P/E of 12.35. Its P/E ratio went as low as 7.46X and as high as 15.32 over the 5-year span. Further, it is sporting a 0.92 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.77. 22.9 percent is the gross profit margin for D.R. Horton, Inc. and operating margin sits at 12.8 percent. Along with this, the net profit margin is 9.1 percent.
On 11th of January, D.R. Horton, Inc. (NYSE:DHI) shares ended higher after a volatile session. The shares accumulated 0.49 points or 1.25 percent at $39.6 with a light trade volume of 5.861 million shares. After opening the session at $39.11, the shares went as high as $40.13 and as low as $38.84, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $14.7 billion and now has 371.62 million shares outstanding. D.R. Horton, Inc. (DHI) stock has gained 10.8 percent of market value in 21 trading days.
DHI stock has a trailing 3-year beta of 1.26, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.09 a share in the trailing twelve months. The stock’s value has surged 14.25 percent year to date (YTD) against a decline of -22.31 percent in 12 month’s time. The company’s shares still trade -24.91 percent away from its 1-year high of $52.74 and 22.26 percent up from 52-week low of $32.39. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.