Horton D R Inc /de/ (DHI) Files Form 4 Insider Selling : Michael J Murray Sells 2,944 Shares

Horton D R Inc /de/ (DHI): Michael J Murray , EVP and COO of Horton D R Inc /de/ sold 2,944 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $30.34 per share for a total value of $89,307.71 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Michael W Hewatt (director) sold 940 shares at $29.25 per share price.On Mar 14, 2016, Barbara K Allen (director) sold 940 shares at $29.32 per share price.Also, On Mar 8, 2016, Bill W Wheat (EVP and CFO) sold 2,838 shares at $28.17 per share price.On Mar 8, 2016, Michael J Murray (EVP and COO) sold 2,849 shares at $28.12 per share price.

D.R. Horton: On Monday, May 2, 2016 heightened volatility was witnessed in D.R. Horton which led to swings in the share price. The shares opened for trading at $30.28 and hit $30.7 on the upside , eventually ending the session at $30.63, with a gain of 1.90% or 0.57 points. The heightened volatility saw the trading volume jump to 32,63,724 shares. The 52-week high of the share price is $33.1 and the company has a market cap of $11,361 M . The 52-week low of the share price is at $22.97.

D.R. Horton Money Flow Index Chart

Company has been under the radar of several Street Analysts.D.R. Horton is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 .The Rating was issued on Apr 25, 2016.D.R. Horton is Downgraded by Sterne Agee CRT to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.D.R. Horton is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 31 from a previous price target of $30 .The Rating was issued on Apr 22, 2016.D.R. Horton is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 34 from a previous price target of $32 .The Rating was issued on Apr 22, 2016.D.R. Horton is Downgraded by FBN Securities to Underperform. Earlier the firm had a rating of Sector Perform on the company shares. The Rating was issued on Apr 18, 2016.

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.

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