Stephens Inc. AR Sells 424 Shares of D.R. Horton, Inc. $DHI

Stephens Inc. AR lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 11.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,395 shares of the construction company’s stock after selling 424 shares during the quarter. Stephens Inc. AR’s holdings in D.R. Horton were worth $438,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Olde Wealth Management LLC acquired a new stake in D.R. Horton in the 1st quarter valued at $26,000. Bayforest Capital Ltd boosted its stake in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in D.R. Horton in the 1st quarter valued at $34,000. Ransom Advisory Ltd acquired a new stake in D.R. Horton in the 1st quarter valued at $51,000. Finally, Adirondack Trust Co. boosted its stake in D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Trading Down 0.3%

NYSE DHI opened at $158.14 on Friday. The stock has a 50-day simple moving average of $166.65 and a 200 day simple moving average of $143.16. The company has a market capitalization of $47.14 billion, a PE ratio of 12.68, a P/E/G ratio of 3.28 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wedbush increased their target price on D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Wells Fargo & Company increased their target price on D.R. Horton from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI set a $169.00 target price on D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. One equities 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. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and an average price target of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, Chairman David V. Auld sold 30,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares in the company, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company’s stock, valued at $215,622.82. This trade represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock worth $5,898,848 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

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.