Sumitomo Mitsui Trust Holdings Inc. raised its stake in D.R. Horton Inc. (NYSE:DHI) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,159,051 shares of the company’s stock after buying an additional 72,379 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.31% of D.R. Horton worth $36,487,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in D.R. Horton by 5.3% in the first quarter. Geode Capital Management LLC now owns 2,746,802 shares of the company’s stock worth $82,871,000 after buying an additional 139,261 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of D.R. Horton by 260.7% in the second quarter. Artemis Investment Management LLP now owns 1,076,860 shares of the company’s stock valued at $33,905,000 after buying an additional 778,330 shares during the period. Bank of Montreal Can bought a new position in shares of D.R. Horton during the second quarter valued at $21,319,000. Canada Pension Plan Investment Board increased its position in shares of D.R. Horton by 211.2% in the first quarter. Canada Pension Plan Investment Board now owns 648,916 shares of the company’s stock valued at $19,617,000 after buying an additional 440,400 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of D.R. Horton by 25.6% in the second quarter. Nordea Investment Management AB now owns 627,761 shares of the company’s stock valued at $19,762,000 after buying an additional 128,093 shares during the period. 83.55% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

Shares of D.R. Horton Inc. (NYSE:DHI) traded up 1.12% during midday trading on Wednesday, hitting $29.73. The stock had a trading volume of 4,265,212 shares. The company’s 50-day moving average price is $30.28 and its 200-day moving average price is $31.17. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of 13.22 and a beta of 1.30. D.R. Horton Inc. has a 12-month low of $22.97 and a 12-month high of $34.56.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The business earned $3.15 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts forecast that D.R. Horton Inc. will post $2.38 EPS for the current year.

Several research analysts have weighed in on the company. FBN Securities upgraded D.R. Horton from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $25.00 to $27.50 in a research note on Monday, October 10th. Wells Fargo & Co. assumed coverage on D.R. Horton in a research note on Wednesday, September 28th. They issued an “outperform” rating on the stock. Wedbush assumed coverage on D.R. Horton in a research note on Monday, September 19th. They issued an “outperform” rating and a $36.00 target price on the stock. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and lifted their target price for the company from $35.05 to $36.00 in a research note on Tuesday, September 13th. Finally, Argus reiterated a “buy” rating and issued a $39.00 target price on shares of D.R. Horton in a research note on Tuesday, July 26th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $32.17.

In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now directly owns 8,983 shares of the company’s stock, valued at $304,972.85. The disclosure for this sale can be found here. 7.17% of the stock is owned by corporate 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.

5 Day Chart for NYSE:DHI

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