Parkside Financial Bank & Trust increased its stake in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 51.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,000 shares of the construction company's stock after acquiring an additional 341 shares during the period. Parkside Financial Bank & Trust's holdings in D.R. Horton were worth $66,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in DHI. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the 1st quarter worth about $28,000. GPS Wealth Strategies Group LLC lifted its stake in D.R. Horton by 300.0% in the first quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company's stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in D.R. Horton during the first quarter valued at about $30,000. MCF Advisors LLC bought a new position in shares of D.R. Horton during the first quarter valued at about $32,000. Finally, Tcwp LLC bought a new stake in shares of D.R. Horton in the 1st quarter valued at about $35,000. Institutional investors own 85.63% of the company's stock.
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D.R. Horton Trading Up 0.7 %
NYSE DHI opened at $71.42 on Friday. The company has a quick ratio of 0.84, a current ratio of 5.71 and a debt-to-equity ratio of 0.32. D.R. Horton, Inc. has a twelve month low of $59.25 and a twelve month high of $110.45. The firm has a market capitalization of $24.82 billion, a PE ratio of 4.59, a P/E/G ratio of 0.46 and a beta of 1.60. The stock's 50 day moving average is $74.18 and its 200 day moving average is $73.10.
D.R. Horton (NYSE:DHI – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.18. D.R. Horton had a return on equity of 33.33% and a net
margin of 17.42%. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.91 billion. During the same period in the previous year, the company posted $3.06 earnings per share. The firm's revenue was up 20.6% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 17.08 earnings per share for the current fiscal year.
D.R. Horton Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, August 4th were paid a $0.225 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. D.R. Horton's dividend payout ratio is currently 5.78%.
Insider Transactions at D.R. Horton
In other news, Director Michael R. Buchanan sold 2,167 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $71.50, for a total value of $154,940.50. Following the sale, the director now directly owns 3,378 shares of the company's stock, valued at $241,527. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $77.07, for a total transaction of $308,280.00. Following the sale, the director now directly owns 1,067 shares of the company's stock, valued at $82,233.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 2,167 shares of the stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total value of $154,940.50. Following the sale, the director now directly owns 3,378 shares in the company, valued at $241,527. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,167 shares of company stock valued at $851,821. Insiders own 0.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DHI. The Goldman Sachs Group reduced their price target on D.R. Horton from $89.00 to $79.00 and set a "neutral" rating on the stock in a research report on Thursday, June 23rd. Barclays decreased their price target on D.R. Horton from $96.00 to $95.00 and set an "overweight" rating on the stock in a research note on Thursday, July 14th. Credit Suisse Group decreased their price target on D.R. Horton to $85.00 in a research note on Friday, July 22nd. Wells Fargo & Company decreased their price target on D.R. Horton from $86.00 to $73.00 and set an "overweight" rating on the stock in a research note on Friday, June 17th. Finally, BTIG Research decreased their price target on D.R. Horton from $97.00 to $92.00 in a research note on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $95.14.
D.R. Horton Profile
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D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.
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