AustralianSuper Pty Ltd Takes $7.46 Million Position in D.R. Horton, Inc. $DHI

AustralianSuper Pty Ltd bought a new position in D.R. Horton, Inc. (NYSE:DHI) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 57,877 shares of the construction company’s stock, valued at approximately $7,462,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DHI. GAMMA Investing LLC increased its holdings in D.R. Horton by 51.0% in the 1st quarter. GAMMA Investing LLC now owns 7,211 shares of the construction company’s stock worth $917,000 after acquiring an additional 2,437 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in D.R. Horton by 244.4% in the 1st quarter. Golden State Wealth Management LLC now owns 737 shares of the construction company’s stock worth $94,000 after acquiring an additional 523 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in D.R. Horton by 34.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 46,215 shares of the construction company’s stock worth $5,875,000 after acquiring an additional 11,905 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in D.R. Horton by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,251 shares of the construction company’s stock worth $4,315,000 after acquiring an additional 3,975 shares in the last quarter. Finally, KBC Group NV increased its holdings in D.R. Horton by 22.3% in the 1st quarter. KBC Group NV now owns 83,104 shares of the construction company’s stock worth $10,565,000 after acquiring an additional 15,162 shares in the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 0.5%

Shares of DHI opened at $158.70 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The firm has a market cap of $47.31 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 3.28 and a beta of 1.40. D.R. Horton, Inc. has a 1 year low of $110.44 and a 1 year high of $184.54. The company has a 50 day simple moving average of $166.51 and a two-hundred day simple moving average of $143.58.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DHI shares. Citigroup increased their target price on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, October 1st. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Wedbush increased their price objective on shares of D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.54.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at $1,181,631. This represents a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is currently owned by insiders.

D.R. Horton Company Profile

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.