Avalon Trust Co trimmed its position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 22.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,750 shares of the construction company’s stock after selling 2,000 shares during the period. Avalon Trust Co’s holdings in D.R. Horton were worth $870,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd grew its holdings in shares of D.R. Horton by 340.4% during the first 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 purchased a new stake in D.R. Horton in the 1st quarter worth about $34,000. Hantz Financial Services Inc. boosted its position in D.R. Horton by 1,678.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after acquiring an additional 319 shares during the period. Ransom Advisory Ltd purchased a new position in D.R. Horton during the 1st quarter valued at about $51,000. Finally, Adirondack Trust Co. increased its holdings in shares of 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 purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.
D.R. Horton Trading Down 0.7%
D.R. Horton stock opened at $146.03 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.48 and a quick ratio of 1.19. The company has a market capitalization of $43.54 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 3.09 and a beta of 1.36. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The company’s fifty day moving average price is $161.38 and its two-hundred day moving average price is $145.70.
D.R. Horton Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.2%. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, November 13th. D.R. Horton’s dividend payout ratio is 15.53%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Wedbush boosted their price target 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. Citigroup reiterated a “market outperform” rating on shares of D.R. Horton in a report on Thursday, October 30th. Keefe, Bruyette & Woods reduced their price objective on D.R. Horton from $178.00 to $175.00 and set a “market perform” rating for the company in a research report on Wednesday, October 29th. Finally, Bank of America dropped their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, D.R. Horton presently has a consensus rating of “Hold” and an average target price of $157.38.
View Our Latest Analysis on D.R. Horton
Insider Activity
In other news, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the transaction, the senior vice president owned 6,457 shares in the company, valued at $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last 90 days. 0.54% of the stock is currently owned by company 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.
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