D.R. Horton, Inc. $DHI Stock Holdings Increased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,767 shares of the construction company’s stock after acquiring an additional 3,037 shares during the period. D.A. Davidson & CO.’s holdings in D.R. Horton were worth $10,670,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DHI. Allspring Global Investments Holdings LLC raised its stake in D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock valued at $252,477,000 after acquiring an additional 1,718,094 shares in the last quarter. Pacer Advisors Inc. raised its holdings in D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock worth $214,984,000 after purchasing an additional 1,655,309 shares in the last quarter. Amundi raised its holdings in D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock worth $266,811,000 after purchasing an additional 817,998 shares in the last quarter. Nuveen LLC bought a new stake in D.R. Horton during the first quarter worth approximately $98,382,000. Finally, Vanguard Group Inc. raised its holdings in D.R. Horton by 1.9% during the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock worth $4,279,706,000 after purchasing an additional 642,642 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.3%

NYSE DHI opened at $158.11 on Thursday. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The stock has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.29 and a beta of 1.40. The firm’s 50 day moving average price is $166.91 and its two-hundred day moving average price is $142.41.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Wells Fargo & Company boosted their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Royal Bank Of Canada boosted their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a report on Wednesday, July 23rd. Finally, Bank of America dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the chairman owned 815,672 shares in the company, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,376 shares of company stock worth $5,898,848. Corporate insiders own 0.54% of the company’s stock.

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.