D.R. Horton (DHI) has risen sharply, recording gains of 9.39% in the past 4 weeks. However, the stock has corrected -0.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.8% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 6.17% and the 50-Day Moving Average is 9.52%.
D.R. Horton (NYSE:DHI): The stock opened at $34.05 on Friday but the bulls could not build on the opening and the stock topped out at $34.12 for the day. The stock traded down to $33.47 during the day, due to lack of any buying support eventually closed down at $33.80 with a loss of -0.59% for the day. The stock had closed at $34.00 on the previous day. The total traded volume was 4,228,142 shares.
The company Insiders own 7.17% of D.R. Horton shares according to the proxy statements. Institutional Investors own 83.72% of D.R. Horton shares. During last six month period, the net percent change held by insiders has seen a change of -16.81%. In a related news, The Securities and Exchange Commission has divulged that Murray Michael J, officer (EVP and COO) of Horton D R Inc /De/, had unloaded 2,944 shares at an average price of $30.34 in a transaction dated on May 2, 2016. The total value of the transaction was worth $89,321.
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, Americas 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.