D.R. Horton (NYSE:DHI) has tumbled 0.77% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.01% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.42% and the outperformance has advanced to 3.06% for the last 4 weeks period.
D.R. Horton (NYSE:DHI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.55 and $30.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.90, notching a gain of 1.18% for the day. The total traded volume was 3,068,227 . The stock had closed at $30.54 on the previous day.
The company shares have rallied 13.23% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $33.10 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $30.26 and the 200 Day Moving Average price is recorded at $29.43.
On the companys insider trading activities,The officer (EVP and COO) of Horton D R Inc /De/, Murray Michael J sold 2,944 shares at $30.34 on May 2, 2016. The Insider selling transaction had a total value worth of $89,321. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Argus Research initiates coverage on D.R. Horton (NYSE:DHI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $39 per share. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 7.17% of D.R. Horton shares according to the proxy statements. Institutional Investors own 83.68% of D.R. Horton shares. During last six month period, the net percent change held by insiders has seen a change of -16.81%.
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.