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D.R. Horton Inc. (NYSE:DHI) Executive Vice Chair David V. Auld has sold a portion of his company shares, according to a recent filing with the Securities and Exchange Commission. The transaction, which took place on March 20, 2024, involved the sale of 25,000 shares of common stock at a weighted average price of $156.33 per share, netting a total of approximately $3.9 million.
The prices at which the shares were actually sold ranged from $155.91 to $156.61, as detailed in the filing footnotes. The executive has agreed to provide further details about the number of shares sold at each price point upon request from the issuer, any security holder of the issuer, or the SEC staff.
Following the sale, Mr. Auld’s direct ownership in the company stands at 773,121 shares. Additionally, he indirectly owns 211,200 shares of D.R. Horton common stock, which are held by trusts for his children. This information is also outlined in the footnotes of the SEC filing, providing transparency about the executive’s remaining stake in the company.
Investors often monitor insider transactions as they can provide insights into executives’ perspectives on the company’s current valuation and future prospects. The sale by Mr. Auld represents a significant transaction and is disclosed to the public as per regulatory requirements, ensuring that shareholders are kept informed of changes in insider ownership.
D.R. Horton Inc., based in Arlington, Texas, is a leading homebuilding company with a presence across the United States. The company’s stock is publicly traded, and it is known for its broad range of home designs and construction quality.
InvestingPro Insights
D.R. Horton Inc. (NYSE:DHI) has been performing notably in the market, as reflected by its recent financial and stock performance metrics. With a robust market capitalization of $52.65 billion, the company showcases its substantial size and stability within the industry. The P/E ratio, a key indicator of investor sentiment on earnings expectations, stands at a compelling 11.29, with a slight adjustment to 11.0 for the last twelve months as of Q1 2024. This valuation metric suggests that the company’s stock might be attractively priced relative to its earnings.
The company’s revenue growth also paints a positive picture, with a 6.66% increase over the last twelve months leading up to Q1 2024. This growth is consistent with the company’s quarterly performance, which has seen a 6.45% rise in the same period. Additionally, D.R. Horton Inc. has demonstrated a strong commitment to shareholder returns, with a dividend yield of 0.76% and an impressive dividend growth rate of 20.0% in the last twelve months.
InvestingPro Tips reveal that D.R. Horton Inc. is not only a prominent player in the Household Durables industry but also has been maintaining and increasing its dividend payments for over a decade, with the stock price nearing its 52-week high. These factors, combined with the company’s profitability over the last year and the positive revisions from 9 analysts for the upcoming period, suggest that the company is well-positioned for continued success.
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