Asset Management One Co. Ltd. Sells 237 Shares of D.R. Horton, Inc. $DHI

Asset Management One Co. Ltd. reduced its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,914 shares of the construction company’s stock after selling 237 shares during the quarter. Asset Management One Co. Ltd.’s holdings in D.R. Horton were worth $15,330,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Olde Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth about $26,000. Bayforest Capital Ltd grew its position in D.R. Horton by 340.4% during the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC bought a new position in D.R. Horton during the first quarter valued at about $34,000. Ransom Advisory Ltd bought a new position in D.R. Horton during the first quarter valued at about $51,000. Finally, Adirondack Trust Co. grew its position in D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Friday. Evercore ISI set a $169.00 price target on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Royal Bank Of Canada upped their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average target price of $156.54.

Insider Activity

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

D.R. Horton Stock Performance

NYSE:DHI opened at $158.14 on Monday. The business’s fifty day moving average is $166.65 and its 200 day moving average is $143.32. The firm has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.28 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.

D.R. Horton 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.