Northern Trust Corp Boosts Holdings in D. R. Horton Inc (NYSE:DHI)

Northern Trust Corp boosted its position in D. R. Horton Inc (NYSE:DHI) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,337,462 shares of the construction company’s stock after buying an additional 165,957 shares during the period. Northern Trust Corp owned approximately 1.17% of D. R. Horton worth $187,074,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHI. Sumitomo Life Insurance Co. increased its position in D. R. Horton by 1.6% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after purchasing an additional 243 shares during the period. Boston Private Wealth LLC grew its holdings in D. R. Horton by 2.7% during the second quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after acquiring an additional 283 shares during the period. Securian Asset Management Inc grew its holdings in D. R. Horton by 0.8% during the second quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock worth $1,502,000 after acquiring an additional 287 shares during the period. Huntington National Bank raised its position in D. R. Horton by 1.1% in the second quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after acquiring an additional 297 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its position in D. R. Horton by 0.4% in the first quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after acquiring an additional 300 shares in the last quarter. 86.55% of the stock is currently owned by institutional investors.

D. R. Horton stock traded up $0.31 during trading hours on Wednesday, hitting $49.74. The stock had a trading volume of 202,424 shares, compared to its average volume of 3,542,668. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $50.89. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.08 and a beta of 1.05. The stock’s fifty day moving average is $47.82 and its two-hundred day moving average is $44.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94.

D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $1.18 EPS. The business’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that D. R. Horton Inc will post 4.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.21%. D. R. Horton’s dividend payout ratio (DPR) is currently 14.67%.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradley S. Anderson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total transaction of $360,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $937,350 over the last 90 days. 6.87% of the stock is currently owned by insiders.

A number of equities research analysts have commented on DHI shares. BTIG Research raised their target price on D. R. Horton to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Buckingham Research upped their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a report on Wednesday, July 31st. Barclays raised their price objective on shares of D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Seaport Global Securities began coverage on shares of D. R. Horton in a report on Friday, August 23rd. They set a “buy” rating and a $59.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. D. R. Horton presently has a consensus rating of “Buy” and an average price target of $49.04.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

Further Reading: Dead Cat Bounce

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

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