Oppenheimer & Co. Inc. Invests $320,000 in D. R. Horton Inc (NYSE:DHI)
Oppenheimer & Co. Inc. purchased a new position in shares of D. R. Horton Inc (NYSE:DHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,430 shares of the construction company’s stock, valued at approximately $320,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Front Row Advisors LLC boosted its position in shares of D. R. Horton by 873.5% during the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock worth $33,000 after purchasing an additional 725 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of D. R. Horton by 64.5% during the first quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after purchasing an additional 354 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of D. R. Horton by 268.2% during the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of D. R. Horton during the second quarter worth $41,000. Finally, Motco bought a new position in shares of D. R. Horton during the second quarter worth $41,000. 86.55% of the stock is currently owned by institutional investors.
Shares of NYSE:DHI traded up $0.72 during midday trading on Thursday, reaching $50.18. 1,093,886 shares of the company were exchanged, compared to its average volume of 4,967,529. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $50.89. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $47.95 and a two-hundred day simple moving average of $44.57. The firm has a market cap of $18.29 billion, a PE ratio of 12.27, a P/E/G ratio of 1.08 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.20%. D. R. Horton’s payout ratio is currently 14.67%.
In other D. R. Horton news, Director Bradley S. Anderson sold 7,500 shares of D. R. Horton stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 5,000 shares of D. R. Horton stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the director now owns 32,076 shares in the company, valued at $1,481,269.68. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $937,350 over the last quarter. Company insiders own 6.87% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Buckingham Research lifted their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Seaport Global Securities began coverage on shares of D. R. Horton in a report on Friday, August 23rd. They set a “buy” rating and a $59.00 price objective on the stock. Barclays raised their price objective on shares of D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, KeyCorp raised their price objective on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and an average price target of $49.04.
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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