Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of D.R. Horton Inc. (NYSE:DHI) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,159,051 shares of the company’s stock after buying an additional 72,379 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in D.R. Horton were worth $36,487,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Invictus RG raised its stake in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares during the last quarter. Creative Planning raised its stake in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in D.R. Horton during the second quarter worth about $231,000. BKD Wealth Advisors LLC raised its stake in D.R. Horton by 2.3% in the second quarter. BKD Wealth Advisors LLC now owns 7,389 shares of the company’s stock worth $233,000 after buying an additional 167 shares during the last quarter. Finally, AXA raised its stake in D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares during the last quarter. Institutional investors own 83.55% of the company’s stock.
Shares of D.R. Horton Inc. (NYSE:DHI) traded up 1.12% during midday trading on Wednesday, hitting $29.73. The stock had a trading volume of 4,265,212 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 $11.07 billion, a PE ratio of 13.22 and a beta of 1.30. The company’s 50 day moving average price is $30.28 and its 200-day moving average price is $31.17.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company earned $3.15 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s revenue 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.
A number of analysts have recently issued reports on DHI shares. Royal Bank Of Canada increased their target price on D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, July 18th. Argus restated a “buy” rating and issued a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. Bank of America Corp. lowered D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Friday, July 22nd. Wedbush initiated coverage on D.R. Horton in a report on Monday, September 19th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Wells Fargo & Co. initiated coverage on D.R. Horton in a report on Wednesday, September 28th. They set an “outperform” rating for the company. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.17.
In related news, Director Michael R. Buchanan sold 12,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $33.80, for a total value of $405,600.00. Following the sale, the director now directly owns 12,940 shares of the company’s stock, valued at approximately $437,372. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $159,350. The disclosure for this sale can be found here. 7.17% of the stock is currently owned by corporate insiders.
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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