Blue Fin Capital Inc. lessened its stake in shares of D. R. Horton Inc (NYSE:DHI) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,043 shares of the construction company’s stock after selling 999 shares during the quarter. Blue Fin Capital Inc.’s holdings in D. R. Horton were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DHI. Bank of New York Mellon Corp boosted its position in shares of D. R. Horton by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,047,603 shares of the construction company’s stock worth $128,548,000 after purchasing an additional 151,759 shares in the last quarter. Renaissance Technologies LLC lifted its position in D. R. Horton by 151.9% in the 3rd quarter. Renaissance Technologies LLC now owns 403,138 shares of the construction company’s stock valued at $17,004,000 after acquiring an additional 243,100 shares in the last quarter. Pacer Advisors Inc. lifted its position in D. R. Horton by 31.7% in the 3rd quarter. Pacer Advisors Inc. now owns 20,593 shares of the construction company’s stock valued at $869,000 after acquiring an additional 4,953 shares in the last quarter. Man Group plc lifted its position in D. R. Horton by 16.1% in the 3rd quarter. Man Group plc now owns 119,839 shares of the construction company’s stock valued at $5,054,000 after acquiring an additional 16,613 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in D. R. Horton in the 3rd quarter valued at about $1,286,000. 84.39% of the stock is currently owned by institutional investors.

In related news, Director Barbara K. Allen sold 1,410 shares of D. R. Horton stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $40.47, for a total value of $57,062.70. Following the completion of the transaction, the director now directly owns 7,060 shares in the company, valued at approximately $285,718.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara K. Allen sold 4,000 shares of D. R. Horton stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $36.79, for a total transaction of $147,160.00. Following the completion of the transaction, the director now owns 5,650 shares of the company’s stock, valued at $207,863.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,666 shares of company stock valued at $497,652. 6.87% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on DHI. Buckingham Research raised their price target on shares of D. R. Horton from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JMP Securities lifted their target price on shares of D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Susquehanna Bancshares reissued a “neutral” rating and set a $49.00 target price (up previously from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. ValuEngine cut shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, Barclays reissued a “buy” rating and set a $41.00 target price on shares of D. R. Horton in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.92.

Shares of DHI stock traded up $0.40 during trading hours on Tuesday, hitting $46.06. 1,446,092 shares of the company were exchanged, compared to its average volume of 6,366,216. The company has a quick ratio of 0.73, a current ratio of 6.85 and a debt-to-equity ratio of 0.36. D. R. Horton Inc has a 52-week low of $32.39 and a 52-week high of $46.91. The firm has a market cap of $17.33 billion, a P/E ratio of 11.26, a PEG ratio of 0.99 and a beta of 1.24.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts expect that D. R. Horton Inc will post 3.94 EPS for the current year.

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

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