Miracle Mile Advisors LLC Has $3.68 Million Stock Holdings in D. R. Horton Inc (NYSE:DHI)

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Miracle Mile Advisors LLC boosted its position in D. R. Horton Inc (NYSE:DHI) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,217 shares of the construction company’s stock after buying an additional 8,673 shares during the quarter. Miracle Mile Advisors LLC’s holdings in D. R. Horton were worth $3,675,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of D. R. Horton by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,877,245 shares of the construction company’s stock worth $203,711,000 after buying an additional 88,698 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of D. R. Horton by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 4,694,719 shares of the construction company’s stock worth $162,446,000 after buying an additional 338,379 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of D. R. Horton by 326.9% during the first quarter. Meeder Asset Management Inc. now owns 1,780 shares of the construction company’s stock worth $73,000 after buying an additional 1,363 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of D. R. Horton during the first quarter worth about $1,750,000. Finally, Creative Planning purchased a new stake in shares of D. R. Horton during the first quarter worth about $216,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Michael R. Buchanan sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the director now directly owns 32,076 shares of the company’s stock, valued at $1,481,269.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael W. Hewatt sold 7,000 shares of the business’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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,500 shares of company stock worth $937,350. 6.87% of the stock is currently owned by corporate insiders.

DHI stock traded down $0.30 during midday trading on Tuesday, reaching $48.91. 130,423 shares of the company’s stock traded hands, compared to its average volume of 4,884,166. The company has a market capitalization of $18.20 billion, a P/E ratio of 11.97, a PEG ratio of 1.07 and a beta of 1.08. 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 Inc has a fifty-two week low of $32.39 and a fifty-two week high of $50.64. The business has a 50-day moving average price of $46.43 and a two-hundred day moving average price of $43.76.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.20. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. D. R. Horton’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 earnings per share. As a group, research analysts forecast that D. R. Horton Inc will post 4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.

A number of equities research analysts have recently commented on the stock. Seaport Global Securities assumed coverage on shares of D. R. Horton in a report on Friday. They set a “buy” rating and a $59.00 price target for the company. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the stock a “hold” rating in a report on Wednesday, July 31st. SunTrust Banks assumed coverage on shares of D. R. Horton in a report on Monday, August 12th. They set a “buy” rating and a $56.00 price target for the company. Buckingham Research lifted their price target on shares of D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays lifted their price target on shares of D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $49.04.

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

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