4,750 Shares in D.R. Horton, Inc. (NYSE:DHI) Acquired by Moody National Bank Trust Division

Moody National Bank Trust Division bought a new position in D.R. Horton, Inc. (NYSE:DHIGet Rating) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,750 shares of the construction company’s stock, valued at approximately $314,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHI. Capital World Investors lifted its holdings in D.R. Horton by 176.2% in the 1st quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock worth $1,327,740,000 after purchasing an additional 11,369,033 shares during the last quarter. Norges Bank acquired a new stake in D.R. Horton in the 4th quarter worth approximately $359,612,000. Parnassus Investments LLC acquired a new stake in D.R. Horton in the 1st quarter worth approximately $162,667,000. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 37.7% during the first quarter. Principal Financial Group Inc. now owns 3,680,086 shares of the construction company’s stock worth $274,203,000 after buying an additional 1,006,745 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after buying an additional 694,155 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at D.R. Horton

In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $77.72, for a total value of $388,600.00. Following the completion of the sale, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other D.R. Horton news, Director Michael W. Hewatt sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $77.07, for a total value of $308,280.00. Following the completion of the sale, the director now owns 1,067 shares in the company, valued at approximately $82,233.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Aron M. Odom sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $77.72, for a total transaction of $388,600.00. Following the completion of the sale, the vice president now owns 3,024 shares of the company’s stock, valued at approximately $235,025.28. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

D.R. Horton Trading Up 2.8 %

Shares of DHI stock opened at $73.09 on Tuesday. D.R. Horton, Inc. has a 12-month low of $59.25 and a 12-month high of $110.45. The company has a market capitalization of $25.40 billion, a P/E ratio of 4.69, a P/E/G ratio of 0.46 and a beta of 1.60. The firm has a 50-day moving average price of $74.35 and a 200 day moving average price of $73.33. The company has a quick ratio of 0.84, a current ratio of 5.71 and a debt-to-equity ratio of 0.32.

D.R. Horton (NYSE:DHIGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.18. D.R. Horton had a net margin of 17.42% and a return on equity of 33.33%. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.91 billion. During the same period last year, the firm posted $3.06 EPS. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. Research analysts forecast that D.R. Horton, Inc. will post 17.08 earnings per share for the current fiscal year.

D.R. Horton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 4th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.23%. The ex-dividend date was Wednesday, August 3rd. D.R. Horton’s dividend payout ratio is currently 5.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TheStreet upgraded D.R. Horton from a “c+” rating to a “b-” rating in a report on Thursday, July 21st. Barclays cut their price target on D.R. Horton from $96.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 14th. Wells Fargo & Company cut their price target on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, June 17th. Credit Suisse Group cut their price target on D.R. Horton to $85.00 in a report on Friday, July 22nd. Finally, Citigroup boosted their price objective on D.R. Horton from $73.00 to $90.00 in a research report on Friday, July 22nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, D.R. Horton has an average rating of “Moderate Buy” and an average price target of $95.14.

D.R. Horton Profile

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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 31 states and 98 markets under the names of D.R.

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

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