Selling Buzz: D.R. Horton Inc. [DHI] Director BUCHANAN MICHAEL R sells 2,167 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. D.R. Horton Inc. shares valued at $154,940 were sold by BUCHANAN MICHAEL R on Sep 20. At $71.50 per share, BUCHANAN MICHAEL R sold 2,167 shares. The insider’s holdings dropped to 3,378 shares worth approximately $0.24 million following the completion of this transaction.


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Also, Hewatt Michael W sold 4,000 shares, netting a total of over 308,284 in proceeds. Following the sale of shares at $77.07 each, the insider now holds 1,067 shares.

Before that, Odom Aron M. had sold 5,000 shares from its account. In a trade valued at $388,594, the VP, Controller and PAO traded D.R. Horton Inc. shares for $77.72 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.22 million.

As published in a research note from KeyBanc Capital Markets on September 19, 2022, D.R. Horton Inc. [DHI] has been rated up from a Sector weight to an Overweight and the price target has been revised to $84. This represents a 15.07% premium over Wednesday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”a Neutral”‘ outlook in a report released in early April. As of January 20, 2022, UBS has initiated its “Buy” rating for DHI. Earlier on January 19, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for DHI stock which previously was a “an Overweight”.

Analyzing DHI’s Price Performance

On Wednesday, D.R. Horton Inc. [NYSE: DHI] plunged -0.82% to $71.34. The stock’s lowest price that day was $71.19, but it reached a high of $73.74 in the same session. During the last five days, there has been a surge of approximately 3.39%. Over the course of the year, D.R. Horton Inc. shares have dropped approximately -34.22%. Shares of the company reached a 52-week high of $108.64 on 01/03/22 and a 52-week low of $59.25 on 06/17/22. A 50-day SMA is recorded $74.30, while a 200-day SMA reached $79.87. Nevertheless, trading volume fell to 4.21 million shares from 4.02 million shares the previous day.

Support And Resistance Levels for D.R. Horton Inc. (DHI)

According to the 24-hour chart, there is a support level at 70.44, which, if violated, would cause prices to drop to 69.54. In the upper region, resistance lies at 72.99. The next price resistance is at 74.64. RSI (Relative Strength Index) is 46.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 49.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is D.R. Horton Inc. subject to short interest?

Stocks of D.R. Horton Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.85 million shares to 13.51 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.66 million shares. A jump of 13.69% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.37 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.37.

Which companies own the most shares of D.R. Horton Inc. (DHI)?

According to Capital Research & Management Co filings, the company currently owns 36,754,571 shares, which is about 10.58% of the total DHI shares outstanding. The investor’s shares have appreciated by 3,954,101 from its previous 13-F filing of 32800470.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $2,400,256,563. BlackRock Fund Advisors reduced a -4.27% interest valued at $1.49 billion while SSgA Funds Management, Inc. sold a -777,112 stake. A total of -201,637 shares of D.R. Horton Inc. were sold by Egerton Capital during the quarter, and 3,647,196 were bought by Capital Research & Management Co. In its current portfolio, Geode Capital Management LLC holds 6,405,348 shares valued at $455.74 million.

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