Raymond James & Associates lifted its position in shares of D. R. Horton Inc (NYSE:DHI) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 253,300 shares of the construction company’s stock after purchasing an additional 21,259 shares during the period. Raymond James & Associates owned about 0.07% of D. R. Horton worth $10,385,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Private Capital Group LLC increased its position in D. R. Horton by 2,107.6% during the 1st quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock worth $115,000 after purchasing an additional 2,508 shares during the period. Piedmont Investment Advisors LLC acquired a new position in D. R. Horton during the 2nd quarter worth approximately $162,000. Stratos Wealth Partners LTD. increased its position in D. R. Horton by 257.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,645 shares of the construction company’s stock worth $204,000 after purchasing an additional 3,344 shares during the period. Csenge Advisory Group acquired a new position in D. R. Horton during the 1st quarter worth approximately $211,000. Finally, Atria Investments LLC purchased a new stake in shares of D. R. Horton during the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.
NYSE:DHI traded down $0.29 on Friday, reaching $37.63. The stock had a trading volume of 4,427,172 shares, compared to its average volume of 4,447,114. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. D. R. Horton Inc has a 12-month low of $37.42 and a 12-month high of $53.32. The stock has a market cap of $15.88 billion, a P/E ratio of 13.73, a PEG ratio of 1.02 and a beta of 1.08.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.08 by $0.10. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts expect that D. R. Horton Inc will post 4.14 earnings per share for the current year.
In other news, Director Michael W. Hewatt sold 3,000 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.74% of the company’s stock.
DHI has been the topic of several research analyst reports. Citigroup decreased their price target on D. R. Horton from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 20th. Wedbush boosted their price target on D. R. Horton from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 3rd. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Evercore ISI raised D. R. Horton from an “in-line” rating to an “outperform” rating in a research note on Friday, July 27th. Finally, JMP Securities reduced their target price on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating on the stock in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.27.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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