Eads & Heald Investment Counsel purchased a new stake in D.R. Horton Inc. (NYSE:DHI) during the second quarter, Holdings Channel reports. The fund purchased 8,504 shares of the company’s stock, valued at approximately $268,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Group LTD boosted its stake in D.R. Horton by 1.4% in the first quarter. BlackRock Group LTD now owns 2,695,560 shares of the company’s stock valued at $81,487,000 after buying an additional 36,585 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in D.R. Horton by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 429,969 shares of the company’s stock valued at $12,998,000 after buying an additional 2,113 shares during the last quarter. Aviva PLC boosted its stake in D.R. Horton by 2.1% in the first quarter. Aviva PLC now owns 171,466 shares of the company’s stock valued at $5,183,000 after buying an additional 3,454 shares during the last quarter. Wexford Capital LP purchased a new stake in D.R. Horton during the first quarter valued at $4,730,000. Finally, Credit Agricole S A boosted its stake in D.R. Horton by 4.1% in the first quarter. Credit Agricole S A now owns 67,551 shares of the company’s stock valued at $2,042,000 after buying an additional 2,644 shares during the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.
Shares of D.R. Horton Inc. (NYSE:DHI) traded down 0.03% on Friday, hitting $28.87. The stock had a trading volume of 2,291,482 shares. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 12.84 and a beta of 1.30. The firm has a 50 day moving average of $30.55 and a 200-day moving average of $31.18.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities analysts predict that D.R. Horton Inc. will post $2.38 earnings per share for the current year.
DHI has been the subject of several analyst reports. Bank of America Corp. raised D.R. Horton from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $35.05 to $36.00 in a report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a report on Tuesday, June 28th. Argus reaffirmed a “buy” rating and issued a $39.00 price objective on shares of D.R. Horton in a report on Tuesday, July 26th. Wedbush initiated coverage on D.R. Horton in a report on Monday, September 19th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, FBN Securities raised D.R. Horton from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from $25.00 to $27.50 in a report on Monday. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.28.
In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now owns 5,000 shares in the company, valued at $159,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara K. Allen sold 3,333 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now directly owns 8,983 shares in the company, valued at $304,972.85. The disclosure for this sale can be found here. Company insiders own 7.17% of the company’s stock.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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