Quotient Wealth Partners LLC bought a new position in D.R. Horton, Inc. (NYSE:DHI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,569 shares of the construction company’s stock, valued at approximately $202,000.
Other hedge funds also recently bought and sold shares of the company. Edgestream Partners L.P. boosted its holdings in D.R. Horton by 1,710.0% in the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after buying an additional 101,643 shares during the period. MQS Management LLC purchased a new stake in D.R. Horton in the 1st quarter worth $1,132,000. Leavell Investment Management Inc. lifted its stake in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock worth $423,000 after purchasing an additional 549 shares in the last quarter. Inspire Investing LLC lifted its stake in D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after purchasing an additional 18,086 shares in the last quarter. Finally, Swedbank AB lifted its stake in D.R. Horton by 22.8% in the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after purchasing an additional 97,467 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Stock Up 0.4%
Shares of NYSE DHI opened at $153.54 on Monday. The firm’s 50-day moving average price is $167.08 and its 200-day moving average price is $142.01. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $45.77 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 3.19 and a beta of 1.40. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $195.50.
Insider Buying and Selling
In related news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the sale, the chairman directly owned 815,672 shares of the company’s stock, valued at $148,623,595.12. This represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 in the last ninety days. 0.54% of the stock is owned by company insiders.
Analyst Ratings Changes
Several analysts have commented on DHI shares. Keefe, Bruyette & Woods boosted their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Wedbush boosted their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Bank of America decreased their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Wells Fargo & Company boosted their price target on shares of D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.54.
Read Our Latest Stock Analysis on DHI
About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.
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