W.H. Cornerstone Investments Inc. bought a new position in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,555 shares of the construction company’s stock, valued at approximately $200,000.
Several other institutional investors and hedge funds also recently made changes to their positions in DHI. Twin Capital Management Inc. increased its holdings in D.R. Horton by 0.3% during the 2nd quarter. Twin Capital Management Inc. now owns 23,330 shares of the construction company’s stock valued at $3,008,000 after purchasing an additional 78 shares in the last quarter. Mutual Advisors LLC raised its position in shares of D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after acquiring an additional 80 shares during the period. Horizon Investments LLC raised its stake in D.R. Horton by 1.5% during the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after buying an additional 83 shares during the period. Franchise Capital Ltd raised its holdings in D.R. Horton by 15.7% during the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after buying an additional 85 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its stake in shares of D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock valued at $470,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 90.63% of the company’s stock.
D.R. Horton Stock Performance
D.R. Horton stock traded down $0.86 during trading on Thursday, hitting $145.17. The stock had a trading volume of 283,985 shares, compared to its average volume of 3,665,528. The stock has a market cap of $43.28 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 3.09 and a beta of 1.36. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a quick ratio of 1.19, a current ratio of 6.48 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $161.38 and its two-hundred day moving average is $145.70.
D.R. Horton Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.45 per share. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.
Insider Buying and Selling
In related news, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the transaction, the director directly owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. This represents a 45.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the company’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 sale, the chairman directly owned 815,672 shares of the company’s stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,376 shares of company stock valued at $5,898,848 over the last three months. Corporate insiders own 0.54% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on DHI. UBS Group raised their target price on shares of D.R. Horton from $187.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Royal Bank Of Canada boosted their price target on D.R. Horton from $117.00 to $118.00 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Wedbush increased their price target on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Bank of America lowered their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $157.38.
Check Out Our Latest Stock Report on D.R. Horton
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.
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