Bokf Na Reduces Stake in D.R. Horton, Inc. (NYSE:DHI)

Bokf Na reduced its position in D.R. Horton, Inc. (NYSE:DHIGet Rating) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,100 shares of the construction company’s stock after selling 340 shares during the period. Bokf Na’s holdings in D.R. Horton were worth $470,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its holdings in D.R. Horton by 3.2% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 4,593 shares of the construction company’s stock valued at $304,000 after buying an additional 143 shares during the last quarter. Shaker Investments LLC OH grew its holdings in D.R. Horton by 0.5% during the 2nd quarter. Shaker Investments LLC OH now owns 26,974 shares of the construction company’s stock valued at $1,785,000 after buying an additional 146 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in D.R. Horton by 1.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 15,374 shares of the construction company’s stock valued at $1,144,000 after buying an additional 152 shares during the last quarter. J2 Capital Management Inc grew its holdings in D.R. Horton by 3.9% during the 2nd quarter. J2 Capital Management Inc now owns 4,164 shares of the construction company’s stock valued at $276,000 after buying an additional 157 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in D.R. Horton by 5.9% during the 2nd quarter. Wedmont Private Capital now owns 3,094 shares of the construction company’s stock valued at $205,000 after buying an additional 171 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

D.R. Horton Trading Up 2.2 %

Shares of DHI opened at $84.50 on Friday. The company has a current ratio of 5.92, a quick ratio of 0.47 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $29.10 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 0.91 and a beta of 1.54. The stock’s fifty day simple moving average is $74.28 and its 200 day simple moving average is $72.74. D.R. Horton, Inc. has a twelve month low of $59.25 and a twelve month high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last issued its earnings results on Wednesday, November 9th. The construction company reported $4.67 earnings per share for the quarter, missing the consensus estimate of $5.09 by ($0.42). The firm had revenue of $9.64 billion during the quarter, compared to analysts’ expectations of $9.97 billion. D.R. Horton had a return on equity of 32.84% and a net margin of 17.50%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the business posted $3.70 earnings per share. On average, equities research analysts forecast that D.R. Horton, Inc. will post 10.05 earnings per share for the current year.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.18%. D.R. Horton’s dividend payout ratio (DPR) is 5.44%.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $83.64, for a total value of $108,732.00. Following the transaction, the vice president now directly owns 1,724 shares of the company’s stock, valued at $144,195.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other D.R. Horton news, Director Michael R. Buchanan sold 2,167 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $71.50, for a total value of $154,940.50. Following the transaction, the director now directly owns 3,378 shares of the company’s stock, valued at $241,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Aron M. Odom sold 1,300 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the completion of the transaction, the vice president now directly owns 1,724 shares in the company, valued at $144,195.36. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DHI. StockNews.com began coverage on D.R. Horton in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James increased their target price on D.R. Horton from $77.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, November 10th. Royal Bank of Canada decreased their price objective on D.R. Horton from $70.00 to $68.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. Wedbush decreased their price objective on D.R. Horton from $97.00 to $83.00 and set an “outperform” rating on the stock in a report on Monday, October 10th. Finally, BTIG Research decreased their price objective on D.R. Horton to $90.00 in a report on Tuesday, November 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.08.

D.R. Horton Profile

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D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding, Forestar, Financial Services, and Rental. The Homebuilding segment includes the acquisition and development of land and the construction and sale of residential homes.

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

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