A Director at DR Horton (DHI) is Buying Shares


Yesterday, a Director at DR Horton (DHI), Michael Hewatt, bought shares of DHI for $25.82K.

This is Hewatt’s first Buy trade following 15 Sell transactions. Following Michael Hewatt’s last DHI Buy transaction on August 21, 2019, the stock climbed by 6.0%.

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Based on DR Horton’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.04 billion and quarterly net profit of $505 million. In comparison, last year the company earned revenue of $4.51 billion and had a net profit of $466 million. The company has a one-year high of $55.80 and a one-year low of $32.39. DHI’s market cap is $20.18B and the company has a P/E ratio of 12.89.

Six different firms, including Barclays and Merrill Lynch, currently also have a Buy rating on the stock.

The insider sentiment on DR Horton has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector. In the last 30 days, insiders have sold $26.01K worth of DHI shares and purchased $25.82K worth of DHI shares.

Michael Hewatt’s trades have generated a -12.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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D.R. Horton, Inc. operates as a national homebuilder that engages in the construction and sale of single-family housing. It operates through the Homebuilding and Financial Services segments. The Homebuilding segment includes the sub-segments East, Midwest, Southeast, South Central, Southwest, and West regions.

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