D.R. Horton, Inc. $DHI Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its stake in D.R. Horton, Inc. (NYSE:DHI) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,548 shares of the construction company’s stock after selling 237 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in D.R. Horton were worth $329,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Olde Wealth Management LLC acquired a new stake in D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd grew its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after acquiring an additional 194 shares during the period. Accredited Wealth Management LLC acquired a new stake in D.R. Horton in the 1st quarter valued at $34,000. Ransom Advisory Ltd purchased a new position in D.R. Horton in the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. lifted its holdings in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DHI shares. Royal Bank Of Canada raised their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Bank of America decreased their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Finally, Citigroup raised their price objective on D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $156.54.

Insider Activity at D.R. Horton

In related news, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the sale, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the sale, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,376 shares of company stock worth $5,898,848. Company insiders own 0.54% of the company’s stock.

D.R. Horton Stock Up 0.1%

NYSE DHI opened at $153.80 on Tuesday. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $193.37. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $167.06 and its 200-day simple moving average is $142.19. The firm has a market cap of $45.85 billion, a PE ratio of 12.33, a P/E/G ratio of 3.19 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, topping the consensus estimate of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The business had revenue of $9.23 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the previous year, the firm earned $4.10 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

D.R. Horton Company Profile

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 118 markets across 33 states under the names of D.R.