IFM Investors Pty Ltd increased its position in D.R. Horton, Inc. (NYSE:DHI – Get Rating) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,049 shares of the construction company's stock after purchasing an additional 6,481 shares during the period. IFM Investors Pty Ltd's holdings in D.R. Horton were worth $3,975,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of DHI. Fairfield Bush & CO. bought a new position in shares of D.R. Horton in the 1st quarter worth $28,000. GPS Wealth Strategies Group LLC lifted its stake in D.R. Horton by 300.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in D.R. Horton during the 1st quarter valued at $30,000. MCF Advisors LLC bought a new position in D.R. Horton during the 1st quarter valued at $32,000. Finally, Tcwp LLC bought a new position in D.R. Horton during the 1st quarter valued at $35,000. 85.63% of the stock is currently owned by institutional investors.
Get D.R. Horton alerts:Wall Street Analyst Weigh In
DHI has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective on D.R. Horton from $82.50 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group dropped their price objective on D.R. Horton to $85.00 in a research note on Friday, July 22nd. JMP Securities dropped their price objective on D.R. Horton from $120.00 to $95.00 and set a "market outperform" rating on the stock in a research note on Friday, July 22nd. Finally, The Goldman Sachs Group decreased their target price on D.R. Horton from $89.00 to $79.00 and set a "neutral" rating for the company in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, D.R. Horton has a consensus rating of "Moderate Buy" and an average price target of $95.14.
D.R. Horton Trading Up 0.7 %
Shares of DHI opened at $71.42 on Friday. The business has a 50-day moving average of $74.18 and a 200 day moving average of $73.03. D.R. Horton, Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $110.45. The firm has a market cap of $24.82 billion, a P/E ratio of 4.59, a price-to-earnings-growth ratio of 0.46 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 5.71.D.R. Horton (NYSE:DHI – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.91 billion. During the same quarter last year, the firm posted $3.06 EPS. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. As a group, research analysts forecast that D.R. Horton, Inc. will post 17.08 EPS for the current year.
D.R. Horton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Thursday, August 4th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 3rd. D.R. Horton's payout ratio is presently 5.78%.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total transaction of $388,600.00. Following the completion of the transaction, the vice president now owns 3,024 shares of the company's stock, valued at approximately $235,025.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total transaction of $388,600.00. Following the completion of the transaction, the vice president now owns 3,024 shares of the company's stock, valued at approximately $235,025.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael R. Buchanan sold 2,167 shares of D.R. Horton stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total value of $154,940.50. Following the transaction, the director now directly owns 3,378 shares of the company's stock, valued at approximately $241,527. The disclosure for this sale can be found here. Insiders sold 11,167 shares of company stock valued at $851,821 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.
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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