D. R. Horton Inc (NYSE:DHI) Shares Sold by Panagora Asset Management Inc.
Panagora Asset Management Inc. lowered its stake in D. R. Horton Inc (NYSE:DHI) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,473 shares of the construction company’s stock after selling 8,101 shares during the quarter. Panagora Asset Management Inc.’s holdings in D. R. Horton were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in DHI. Sumitomo Life Insurance Co. lifted its holdings in D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after purchasing an additional 243 shares during the last quarter. Boston Private Wealth LLC raised its stake in shares of D. R. Horton by 2.7% during the second quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after buying an additional 283 shares during the last quarter. Securian Asset Management Inc lifted its holdings in D. R. Horton by 0.8% in the second quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock valued at $1,502,000 after buying an additional 287 shares during the period. Huntington National Bank grew its holdings in D. R. Horton by 1.1% during the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after acquiring an additional 297 shares during the period. Finally, Alpine Woods Capital Investors LLC grew its holdings in D. R. Horton by 0.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after acquiring an additional 300 shares during the period. Institutional investors own 86.55% of the company’s stock.
A number of research firms have recently weighed in on DHI. Barclays increased their price target on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Buckingham Research lifted their price objective on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BTIG Research upped their price objective on D. R. Horton to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. KeyCorp increased their target price on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $49.04.
D. R. Horton stock traded up $0.22 during midday trading on Wednesday, reaching $49.65. The stock had a trading volume of 98,141 shares, compared to its average volume of 3,542,668. The firm’s fifty day simple moving average is $47.82 and its 200-day simple moving average is $44.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The stock has a market capitalization of $18.41 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $50.89.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the firm posted $1.18 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts anticipate that D. R. Horton Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, August 9th. D. R. Horton’s payout ratio is currently 14.67%.
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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