Investment House LLC raised its stake in shares of D.R. Horton Inc. (NYSE:DHI) by 191.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,915 shares of the company’s stock after buying an additional 17,670 shares during the period. Investment House LLC’s holdings in D.R. Horton were worth $847,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Invictus RG increased its stake in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares during the last quarter. Creative Planning boosted its stake in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the period. Raymond James Trust N.A. bought a new stake in shares of D.R. Horton during the second quarter worth approximately $231,000. BKD Wealth Advisors LLC boosted its stake in shares of D.R. Horton by 2.3% in the second quarter. BKD Wealth Advisors LLC now owns 7,389 shares of the company’s stock worth $233,000 after buying an additional 167 shares during the period. Finally, AXA boosted its stake in shares of D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares during the period. Hedge funds and other institutional investors own 83.58% of the company’s stock.
D.R. Horton Inc. (NYSE:DHI) traded up 1.07% during mid-day trading on Wednesday, reaching $30.26. The company had a trading volume of 4,603,338 shares. D.R. Horton Inc. has a one year low of $22.97 and a one year high of $34.56. The company has a market capitalization of $11.27 billion, a P/E ratio of 13.45 and a beta of 1.36. The stock has a 50 day moving average price of $31.63 and a 200 day moving average price of $31.13.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The firm earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, equities analysts expect that D.R. Horton Inc. will post $2.38 earnings per share for the current fiscal year.
A number of brokerages recently commented on DHI. JMP Securities reaffirmed a “buy” rating and set a $36.00 price objective on shares of D.R. Horton in a research note on Wednesday, June 15th. Bank of America Corp. raised D.R. Horton from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. RBC Capital Markets reaffirmed an “outperform” rating and set a $38.00 price objective (up from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research note on Tuesday, July 12th. Finally, Wedbush began coverage on D.R. Horton in a research note on Monday. They set an “outperform” rating and a $36.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.56.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the completion of the sale, the director now directly owns 8,983 shares in the company, valued at approximately $304,972.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $159,350. The disclosure for this sale can be found here. Company insiders own 7.17% of the company’s stock.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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