DNB Asset Management AS Raises Stock Holdings in D. R. Horton Inc (NYSE:DHI)

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DNB Asset Management AS lifted its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,701 shares of the construction company’s stock after acquiring an additional 470 shares during the quarter. DNB Asset Management AS’s holdings in D. R. Horton were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP boosted its holdings in D. R. Horton by 11.8% in the first quarter. First Trust Advisors LP now owns 642,678 shares of the construction company’s stock valued at $26,594,000 after acquiring an additional 67,617 shares during the last quarter. Park National Corp OH boosted its holdings in D. R. Horton by 12.9% in the second quarter. Park National Corp OH now owns 146,269 shares of the construction company’s stock valued at $6,308,000 after acquiring an additional 16,664 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its holdings in D. R. Horton by 0.7% in the second quarter. Beese Fulmer Investment Management Inc. now owns 74,532 shares of the construction company’s stock valued at $3,215,000 after acquiring an additional 526 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in D. R. Horton by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 37,792 shares of the construction company’s stock valued at $1,630,000 after acquiring an additional 1,707 shares during the last quarter. Finally, Farmers Trust Co. boosted its holdings in D. R. Horton by 0.6% in the second quarter. Farmers Trust Co. now owns 87,785 shares of the construction company’s stock valued at $3,786,000 after acquiring an additional 548 shares during the last quarter. 86.04% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on DHI shares. Seaport Global Securities started coverage on D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 price target on the stock. SunTrust Banks started coverage on D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 price target on the stock. JMP Securities raised their price target on D. R. Horton from $49.00 to $52.00 and gave the company a “market outperform” rating in a report on Tuesday, September 17th. Buckingham Research increased their target price on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays increased their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $48.23.

NYSE:DHI opened at $53.97 on Monday. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $54.41. The business’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $46.61. 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 firm has a market capitalization of $19.78 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.06 and a beta of 1.04.

D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, beating 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 firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Sell-side analysts predict that D. R. Horton Inc will post 4.18 earnings per share for the current year.

In other news, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this link. Also, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. In 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 insiders.

D. R. Horton 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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