Pacer Advisors Inc. increased its position in shares of D. R. Horton Inc (NYSE:DHI) by 11.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,360 shares of the construction company’s stock after purchasing an additional 3,232 shares during the quarter. Pacer Advisors Inc.’s holdings in D. R. Horton were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in DHI. Sumitomo Life Insurance Co. increased its stake in D. R. Horton by 1.6% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after acquiring an additional 243 shares during the period. Boston Private Wealth LLC increased its stake in D. R. Horton by 2.7% during the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after acquiring an additional 283 shares during the period. Securian Asset Management Inc increased its stake in D. R. Horton by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock worth $1,502,000 after acquiring an additional 287 shares during the period. Huntington National Bank increased its stake in D. R. Horton by 1.1% during the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after acquiring an additional 297 shares during the period. Finally, Homrich & Berg increased its stake in D. R. Horton by 4.3% during the 2nd quarter. Homrich & Berg now owns 8,026 shares of the construction company’s stock worth $346,000 after acquiring an additional 331 shares during the period. 86.55% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on DHI shares. BTIG Research lifted their price target on D. R. Horton to $56.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. SunTrust Banks started coverage on D. R. Horton in a research note on Monday, August 12th. They issued a “buy” rating and a $56.00 price target on the stock. Buckingham Research lifted their price target on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Seaport Global Securities started coverage on D. R. Horton in a research note on Friday, August 23rd. They issued a “buy” rating and a $59.00 price target on the stock. Finally, KeyCorp lifted their price target on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.04.
In related news, Director Michael R. Buchanan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the sale, the director now owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,500 shares of company stock worth $937,350. 6.87% of the stock is currently owned by company insiders.
Shares of NYSE DHI traded down $0.07 during mid-day trading on Friday, hitting $49.70. 72,688 shares of the stock traded hands, compared to its average volume of 3,384,493. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $50.89. The company has a market cap of $18.55 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.05. The firm has a 50 day simple moving average of $47.95 and a two-hundred day simple moving average of $44.57.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the business posted $1.18 EPS. D. R. Horton’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that D. R. Horton Inc will post 4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, August 9th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.
About D. R. Horton
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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