Janney Montgomery Scott LLC reduced its stake in D. R. Horton Inc (NYSE:DHI) by 42.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,490 shares of the construction company’s stock after selling 25,059 shares during the period. Janney Montgomery Scott LLC’s holdings in D. R. Horton were worth $1,857,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of DHI. EPG Wealth Management LLC boosted its holdings in shares of D. R. Horton by 652.4% in the first quarter. EPG Wealth Management LLC now owns 790 shares of the construction company’s stock worth $27,000 after acquiring an additional 685 shares during the period. TRUE Private Wealth Advisors boosted its stake in D. R. Horton by 94.0% during the first quarter. TRUE Private Wealth Advisors now owns 836 shares of the construction company’s stock valued at $28,000 after buying an additional 405 shares during the period. Financial Management Professionals Inc. bought a new stake in D. R. Horton during the second quarter valued at $29,000. Harbor Investment Advisory LLC bought a new stake in D. R. Horton during the first quarter valued at $31,000. Finally, CWM LLC boosted its stake in D. R. Horton by 25.1% during the first quarter. CWM LLC now owns 1,061 shares of the construction company’s stock valued at $36,000 after buying an additional 213 shares during the period. 83.14% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the transaction, the director now owns 1,000 shares in the company, valued at $53,450. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.96% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on DHI shares. Royal Bank of Canada lifted their price objective on D. R. Horton from $54.00 to $65.00 and gave the company a “sector perform” rating in a research note on Wednesday. BTIG Research lifted their price objective on D. R. Horton from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Cfra raised D. R. Horton from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $51.00 to $55.00 in a research note on Wednesday, May 13th. TheStreet raised D. R. Horton from a “c+” rating to a “b-” rating in a research note on Wednesday, May 20th. Finally, Barclays lifted their price objective on D. R. Horton from $64.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $65.83.
DHI opened at $66.16 on Friday. The company has a market cap of $24.05 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.96 and a beta of 1.62. The business’s 50-day moving average price is $58.15 and its 200-day moving average price is $51.69. The company has a current ratio of 6.82, a quick ratio of 1.40 and a debt-to-equity ratio of 0.38. D. R. Horton Inc has a 12 month low of $25.51 and a 12 month high of $70.29.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 28th. The construction company reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.42. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities research analysts forecast that D. R. Horton Inc will post 4.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.70 annualized dividend and a dividend yield of 1.06%. D. R. Horton’s dividend payout ratio is currently 16.32%.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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