D.R. Horton Sees Unusually High Options Volume (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) was the recipient of unusually large options trading activity on Monday. Traders bought 5,169 put options on the company. This is an increase of approximately 75% compared to the typical volume of 2,950 put options.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Merit Financial Group LLC raised its position in shares of D.R. Horton by 25.6% during the fourth quarter. Merit Financial Group LLC now owns 18,298 shares of the construction company’s stock worth $2,635,000 after purchasing an additional 3,726 shares during the period. Nordea Investment Management AB grew its position in D.R. Horton by 41.5% in the 4th quarter. Nordea Investment Management AB now owns 1,239,316 shares of the construction company’s stock valued at $179,428,000 after purchasing an additional 363,573 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in D.R. Horton by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 569,423 shares of the construction company’s stock valued at $82,253,000 after purchasing an additional 9,765 shares in the last quarter. Overbrook Management Corp bought a new stake in D.R. Horton during the 4th quarter valued at $12,571,000. Finally, Vise Technologies Inc. raised its holdings in D.R. Horton by 132.9% during the fourth quarter. Vise Technologies Inc. now owns 14,925 shares of the construction company’s stock worth $2,150,000 after buying an additional 8,517 shares during the last quarter. 90.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DHI shares. Barclays lifted their price target on shares of D.R. Horton from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. UBS Group increased their price objective on shares of D.R. Horton from $193.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $117.00 to $123.00 and gave the company an “underperform” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of D.R. Horton from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, The Goldman Sachs Group upped their price target on shares of D.R. Horton from $172.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $168.62.

D.R. Horton Trading Down 3.0%

DHI opened at $144.90 on Tuesday. D.R. Horton has a fifty-two week low of $129.22 and a fifty-two week high of $184.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 6.46 and a quick ratio of 0.97. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.09 and a beta of 1.36. The company’s 50 day moving average price is $150.54 and its two-hundred day moving average price is $150.44.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, April 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.09. The firm had revenue of $7.56 billion during the quarter, compared to analysts’ expectations of $7.55 billion. D.R. Horton had a net margin of 9.51% and a return on equity of 12.94%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS. As a group, research analysts predict that D.R. Horton will post 10.6 earnings per share for the current year.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.