First Citizens Bank & Trust Co. reduced its stake in D.R. Horton Inc. (NYSE:DHI) by 6.5% during the second quarter, Holdings Channel reports. The fund owned 45,159 shares of the company’s stock after selling 3,125 shares during the period. First Citizens Bank & Trust Co.’s holdings in D.R. Horton were worth $1,422,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in 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 valued at $106,000 after buying an additional 1,609 shares during the last quarter. Creative Planning increased its stake in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock valued at $128,000 after buying an additional 182 shares during the last quarter. Raymond James Trust N.A. bought a new stake in D.R. Horton during the second quarter valued at $231,000. BKD Wealth Advisors LLC increased its stake in D.R. Horton by 2.3% in the second quarter. BKD Wealth Advisors LLC now owns 7,389 shares of the company’s stock valued at $233,000 after buying an additional 167 shares during the last quarter. Finally, AXA increased its stake in D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock valued at $290,000 after buying an additional 9,200 shares during the last quarter. 83.57% of the stock is owned by institutional investors.
Shares of D.R. Horton Inc. (NYSE:DHI) traded up 1.010% during mid-day trading on Wednesday, hitting $29.495. 1,206,684 shares of the stock were exchanged. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 13.115 and a beta of 1.30. The company’s 50-day moving average is $30.76 and its 200-day moving average is $31.21. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that D.R. Horton Inc. will post $2.38 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. JMP Securities reissued a “buy” rating and issued a $36.00 target price on shares of D.R. Horton in a research report on Wednesday, June 15th. Bank of America Corp. raised shares of D.R. Horton from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $35.05 to $36.00 in a research report on Tuesday, September 13th. RBC Capital Markets reissued an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research report on Tuesday, July 12th. Finally, FBN Securities raised shares of D.R. Horton from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $25.00 to $27.50 in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.28.
In related news, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $159,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now owns 8,983 shares of the company’s stock, valued at approximately $304,972.85. The disclosure for this sale can be found here. 7.17% of the stock is currently owned by insiders.
D.R. Horton Company Profile
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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