D.R. Horton, Inc.(NYSE:DHI) sees high demand for call options


Dallas, Texas 03/07/2014 (FINANCIALSTRENDS) – D.R. Horton, Inc.(NYSE:DHI) known for its service quality in the house-building sector in the US, better known by the brand name D, builds and sells homes to Americans in nearly 27 states and about 78 metros.

In the past quarter, the results of which the country announced in last week of January, saw the $0.36 per share earnings, which was higher than analysts estimate of $0.29, beating it by $0.07. The revenue it earned has been in the region of $1.64 billion for the quarter. In contrast the consensus estimate for revenue earnings was estimated to be in the region of $1.45 billion by analysts. On both the counts the housing sector major had beaten last year’s quarter results for the same timeline- posting $0.20 earnings on a share.

This year’s quarterly results are up by 32.7% and most analysts are expecting D.R. Horton, Inc.(NYSE:DHI) to post EPS of $1.67 for the fiscal year.

In the meanwhile, the company has been at the receiving end of some unusual options trading. Through the trading day, the investors were found to have acquired 25,777 call options in the stock. The result was a massive 399% increase in the standard volumes of 5,164 call options.

D.R. Horton, Inc.(NYSE:DHI) also witnessed some insider selling. The CRO of the company, Bill Wheat has in a filing reported the sale of 41,000 shares of the company on February 27, 2014. Therefore, per share, average price was $25.00 and the whole transaction was valued at $1,025,000.00.  At the end of the transaction the number of shares held by CFO directly is 37,795 shares. The value of these shares is $944,875.

D.R. Horton, Inc.(NYSE:DHI) is now rated higher by analysts. Thomson Reuters has noted a Hold on the stock, while the most other note a Buy on the stock.