Mark Asset Management LP purchased a new stake in D. R. Horton Inc (NYSE:DHI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,000 shares of the construction company’s stock, valued at approximately $1,664,000.
Several other large investors also recently added to or reduced their stakes in DHI. State Street Corp lifted its stake in D. R. Horton by 1.4% in the 1st quarter. State Street Corp now owns 15,816,620 shares of the construction company’s stock worth $537,765,000 after acquiring an additional 223,481 shares in the last quarter. Sanders Capital LLC lifted its stake in D. R. Horton by 0.6% in the 2nd quarter. Sanders Capital LLC now owns 15,185,537 shares of the construction company’s stock worth $930,304,000 after acquiring an additional 83,253 shares in the last quarter. FMR LLC lifted its stake in D. R. Horton by 13.8% in the 2nd quarter. FMR LLC now owns 14,475,732 shares of the construction company’s stock worth $802,679,000 after acquiring an additional 1,757,328 shares in the last quarter. Capital World Investors lifted its stake in D. R. Horton by 38.6% in the 1st quarter. Capital World Investors now owns 9,926,351 shares of the construction company’s stock worth $337,496,000 after acquiring an additional 2,763,163 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in D. R. Horton by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 6,292,201 shares of the construction company’s stock worth $213,586,000 after acquiring an additional 407,057 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
In other D. R. Horton news, VP Aron M. Odom sold 4,800 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $71.45, for a total value of $342,960.00. Following the sale, the vice president now owns 7,819 shares of the company’s stock, valued at approximately $558,667.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael J. Murray sold 54,400 shares of D. R. Horton stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $72.38, for a total value of $3,937,472.00. Following the sale, the chief operating officer now directly owns 139,939 shares in the company, valued at approximately $10,128,784.82. The disclosure for this sale can be found here. Insiders sold a total of 60,200 shares of company stock worth $4,333,882 in the last ninety days. Insiders own 6.96% of the company’s stock.
A number of equities research analysts have recently weighed in on DHI shares. Susquehanna Bancshares downgraded D. R. Horton from a “positive” rating to a “neutral” rating and raised their price target for the stock from $55.00 to $62.00 in a research note on Tuesday, July 21st. Credit Suisse Group raised their price target on D. R. Horton from $77.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday. JMP Securities raised their price target on D. R. Horton from $70.00 to $75.00 in a research note on Thursday, July 30th. Cfra raised D. R. Horton from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $51.00 to $55.00 in a research note on Wednesday, May 13th. Finally, BTIG Research raised their price target on D. R. Horton from $78.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $66.22.
DHI traded down $2.33 during midday trading on Friday, reaching $68.23. The company’s stock had a trading volume of 4,543,609 shares, compared to its average volume of 3,551,040. The stock has a market cap of $24.82 billion, a P/E ratio of 12.34, a PEG ratio of 0.86 and a beta of 1.71. The company has a fifty day simple moving average of $69.13 and a 200 day simple moving average of $53.95. The company has a current ratio of 6.82, a quick ratio of 1.65 and a debt-to-equity ratio of 0.38. D. R. Horton Inc has a twelve month low of $25.51 and a twelve month high of $77.45.
D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 28th. The construction company reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.42. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. Sell-side analysts expect that D. R. Horton Inc will post 5.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, August 11th. D. R. Horton’s dividend payout ratio (DPR) is currently 16.32%.
D. R. Horton 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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