Nomura Holdings Inc. lessened its position in D. R. Horton Inc (NYSE:DHI) by 44.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 785,327 shares of the construction company’s stock after selling 635,568 shares during the quarter. Nomura Holdings Inc. owned about 0.21% of D. R. Horton worth $34,151,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DHI. Front Row Advisors LLC lifted its position in shares of D. R. Horton by 873.5% in the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after acquiring an additional 725 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of D. R. Horton by 268.2% in the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after acquiring an additional 684 shares in the last quarter. Ibex Wealth Advisors purchased a new position in shares of D. R. Horton in the second quarter valued at approximately $41,000. Motco purchased a new position in shares of D. R. Horton in the second quarter valued at approximately $41,000. Finally, Penserra Capital Management LLC purchased a new position in shares of D. R. Horton in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 86.04% of the company’s stock.
DHI stock traded up $0.69 during midday trading on Friday, hitting $51.56. 111,457 shares of the company’s stock were exchanged, compared to its average volume of 3,978,006. The business has a 50-day simple moving average of $48.65 and a two-hundred day simple moving average of $44.91. The company has a current ratio of 6.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $18.38 billion, a PE ratio of 12.60, a P/E/G ratio of 1.08 and a beta of 1.05. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $51.12.
D. R. Horton (NYSE:DHI) last posted its 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. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. As a group, research analysts expect that D. R. Horton Inc will post 4.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were paid 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 1.16%. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.
Several equities analysts have recently weighed in 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 research report on Wednesday, July 31st. Seaport Global Securities started coverage on D. R. Horton in a research report on Friday, August 23rd. They set a “buy” rating and a $59.00 price objective on the stock. JMP Securities lifted their price objective on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Buckingham Research lifted their price objective on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, SunTrust Banks started coverage on D. R. Horton in a research report on Monday, August 12th. They set a “buy” rating and a $56.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.22.
In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total transaction of $346,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael R. Buchanan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the director now directly owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,500 shares of company stock valued at $937,350. 6.87% of the stock is owned by insiders.
D. R. Horton Company Profile
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.
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