Brokerage firm Bank of America Downgrades its rating on D.R. Horton(NYSE:DHI). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Jul 22, 2016.
In a different note, Argus Research said it Initiates Coverage on D.R. Horton, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm.
D.R. Horton (DHI) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.15% at a volume of 30,33,502. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.98. The peak price level was also seen at $33.98 while the days lowest was $33.63. Finally the shares closed at $33.74. The 52-week high of the shares is $34.56 while the 52-week low is $22.97. According to the latest information available, the market cap of the company is $12,561 M.
D.R. Horton has also declared a cash dividend of $0.0800 on Jul 21, 2016. The shares will quote ex-dividend on Aug 4, 2016 and the record date has been fixed on Aug 8, 2016. The dividend payable date has been fixed on Aug 19, 2016.
D.R. Horton(DHI) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.15B. Analysts had an estimated revenue of $3.25B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.66.
Several Insider Transactions has been reported to the SEC. On May 3, 2016, Michael J Murray (EVP and COO) sold 2,944 shares at $30.34 per share price.Also, On May 3, 2016, Donald R Horton (Chairman) sold 149,035 shares at $29.88 per share price.On May 3, 2016, Bill W Wheat (EVP and CFO) sold 40,000 shares at $30.37 per share price, according to the Form-4 filing with the securities and exchange commission.
D.R. Horton Inc. is a homebuilding company. The Company 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 Company operates through two segments: homebuilding and financial services operation. The Company designs builds 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 builds and sells attached homes such as town homes duplexes triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.