Future Fund LLC grew its stake in D.R. Horton, Inc. (NYSE:DHI – Free Report) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325 shares of the construction company’s stock after buying an additional 494 shares during the period. Future Fund LLC’s holdings in D.R. Horton were worth $686,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bayforest Capital Ltd increased its stake in D.R. Horton by 340.4% in the first 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 last quarter. Accredited Wealth Management LLC purchased a new position in shares of D.R. Horton in the 1st quarter worth about $34,000. Hantz Financial Services Inc. increased its position in shares of D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock valued at $44,000 after purchasing an additional 319 shares during the last quarter. Ransom Advisory Ltd purchased a new position in shares of D.R. Horton during the 1st quarter valued at about $51,000. Finally, Adirondack Trust Co. lifted its position in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.
D.R. Horton Stock Down 0.5%
Shares of NYSE:DHI opened at $144.51 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 6.48. The firm has a market capitalization of $43.08 billion, a P/E ratio of 12.47, a P/E/G ratio of 3.09 and a beta of 1.36. The stock has a 50 day moving average price of $162.88 and a 200-day moving average price of $145.41. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $184.54.
D.R. Horton Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.80 annualized dividend and a yield of 1.2%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.40. D.R. Horton’s dividend payout ratio (DPR) is currently 15.53%.
Insider Activity
In related news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the sale, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction on 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 owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. This trade represents a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 in the last 90 days. 0.54% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on DHI shares. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Keefe, Bruyette & Woods lowered their price target on shares of D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Evercore ISI set a $169.00 price objective on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company increased their target price on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.38.
Get Our Latest Stock Report on DHI
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.
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