In a recent transaction, Barbara K Allen, a director at Horton D R Inc (NYSE:DHI), sold 203 shares of the company's common stock for an average price of $152.5573 per share, totaling approximately $30,969. This sale was reported in a Form 4 filing with the Securities and Exchange Commission (SEC) dated March 19, 2024.
The transaction took place on March 19, 2024, and following the sale, Allen's direct ownership in the company's common stock stands at 5,650 shares. The sale comes after Allen acquired the same number of shares through the conversion of restricted stock units (RSUs) on March 17, 2024. Each RSU converted into one share of Horton D R Inc's common stock, as noted in the footnotes of the filing.
Additionally, the filing indicated that on March 17, 2021, Allen was granted 1,015 RSUs that vest in five annual installments starting March 17, 2022. Post-transaction, Allen holds 406 derivative securities in the form of RSUs.
Investors and market watchers often look to insider transactions as a gauge of confidence in the company's prospects. Transactions like these are regularly reported to the SEC and provide transparency into the actions of a company's directors and executives.
Horton D R Inc, with its shares traded under the ticker NYSE:DHI, operates within the operative builders industry and is incorporated in Delaware. The company's business address is located in Arlington, Texas.
InvestingPro Insights
As investors digest the insider transaction at Horton D R Inc (NYSE:DHI), it's worth considering the company's financial health and market performance. According to InvestingPro data, D.R. Horton boasts a solid market capitalization of $51.78 billion, reflecting its significant presence in the industry. The company's P/E ratio, a key indicator of its valuation, stands at a reasonable 10.83 when adjusted for the last twelve months as of Q1 2024. This suggests that the stock may be valued appropriately relative to its earnings.
Moreover, D.R. Horton's performance has been commendable, with a revenue growth of 6.66% over the last twelve months as of Q1 2024. This steady growth is a positive sign for investors looking for companies with consistent top-line expansion. The company's share price is also trading near its 52-week high, at 95.94% of the peak, which could indicate strong market confidence in its future prospects.
For those seeking investment guidance, InvestingPro Tips highlight that D.R. Horton has raised its dividend for 10 consecutive years and maintained dividend payments for 11 consecutive years, which could be of particular interest to income-focused investors. Additionally, the company's stock price movements have been quite volatile, which could present opportunities for investors with a higher risk tolerance. For more InvestingPro Tips, including insights into the company's profitability and analyst predictions, consider exploring the additional 13 tips available on InvestingPro's platform at https://www.investing.com/pro/DHI.
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