Asset Management One Co. Ltd. increased its stake in shares of D. R. Horton Inc (NYSE:DHI) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,941 shares of the construction company’s stock after buying an additional 11,974 shares during the quarter. Asset Management One Co. Ltd. owned 0.05% of D. R. Horton worth $8,105,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DHI. Front Row Advisors LLC increased its stake in shares of D. R. Horton by 873.5% in the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after buying an additional 725 shares during the period. Cornerstone Advisors Inc. grew its stake in shares of D. R. Horton by 268.2% during the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares during the period. Motco acquired a new stake in shares of D. R. Horton during the second quarter worth $41,000. Ibex Wealth Advisors acquired a new stake in shares of D. R. Horton during the second quarter worth $41,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of D. R. Horton during the first quarter worth $59,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
In other D. R. Horton news, Director Michael R. Buchanan sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at approximately $1,481,269.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total value of $346,150.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $937,350 over the last quarter. 6.87% of the stock is owned by corporate insiders.
A number of equities research analysts recently commented on the company. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks started coverage on D. R. Horton in a report on Monday, August 12th. They set a “buy” rating and a $56.00 target price on the stock. JMP Securities lifted their target price on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Barclays upped their target price on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. D. R. Horton currently has a consensus rating of “Buy” and a consensus target price of $48.23.
Shares of DHI stock traded down $0.51 during trading on Friday, hitting $51.99. The company had a trading volume of 2,971,754 shares, compared to its average volume of 4,654,931. The stock’s 50-day moving average price is $50.77 and its 200 day moving average price is $46.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. D. R. Horton Inc has a one year low of $32.39 and a one year high of $53.53. The firm has a market capitalization of $19.47 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04.
D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The firm had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the prior year, the company earned $1.18 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts anticipate that D. R. Horton Inc will post 4.18 earnings per share for the current fiscal year.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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