AMG National Trust Bank Invests $538,000 in D.R. Horton, Inc. (NYSE:DHI)

AMG National Trust Bank acquired a new position in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,003 shares of the construction company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Greenhaven Associates Inc. increased its position in shares of D.R. Horton by 421.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,803,532 shares of the construction company’s stock worth $251,756,000 after purchasing an additional 3,074,147 shares in the last quarter. Franklin Resources Inc. increased its position in D.R. Horton by 34.4% in the 2nd quarter. Franklin Resources Inc. now owns 6,322,186 shares of the construction company’s stock valued at $418,465,000 after acquiring an additional 1,618,629 shares in the last quarter. Parnassus Investments LLC increased its position in D.R. Horton by 46.9% in the 2nd quarter. Parnassus Investments LLC now owns 3,206,083 shares of the construction company’s stock valued at $212,211,000 after acquiring an additional 1,022,921 shares in the last quarter. Echo Street Capital Management LLC increased its position in D.R. Horton by 40.6% in the 2nd quarter. Echo Street Capital Management LLC now owns 2,522,883 shares of the construction company’s stock valued at $166,990,000 after acquiring an additional 728,450 shares in the last quarter. Finally, Invesco Ltd. increased its position in D.R. Horton by 17.0% in the 1st quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after acquiring an additional 694,155 shares in the last quarter. 84.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DHI. Raymond James cut shares of D.R. Horton from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of D.R. Horton from $81.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 22nd. Oppenheimer initiated coverage on shares of D.R. Horton in a research report on Wednesday, January 18th. They set a “market perform” rating for the company. The Goldman Sachs Group lifted their price target on shares of D.R. Horton from $98.00 to $99.00 in a research report on Tuesday. Finally, StockNews.com initiated coverage on shares of D.R. Horton in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.62.

D.R. Horton Stock Performance

Shares of DHI opened at $97.00 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 5.92. D.R. Horton, Inc. has a twelve month low of $59.25 and a twelve month high of $98.93. The firm’s 50 day moving average price is $88.79 and its two-hundred day moving average price is $79.13. The firm has a market cap of $33.42 billion, a P/E ratio of 5.86, a PEG ratio of 0.65 and a beta of 1.49.

D.R. Horton (NYSE:DHIGet Rating) last announced its quarterly earnings data on Tuesday, January 24th. The construction company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.52. The business had revenue of $7.26 billion for the quarter, compared to analyst estimates of $6.43 billion. D.R. Horton had a net margin of 17.50% and a return on equity of 32.84%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.17 earnings per share. On average, analysts forecast that D.R. Horton, Inc. will post 9.46 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, February 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. D.R. Horton’s dividend payout ratio is presently 6.05%.

Insider Buying and Selling

In related news, VP Aron M. Odom sold 1,300 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total transaction of $108,732.00. Following the transaction, the vice president now directly owns 1,724 shares in the company, valued at $144,195.36. The sale was disclosed in a filing with the SEC, which is available through this link. In other D.R. Horton news, VP Aron M. Odom sold 1,300 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $83.64, for a total value of $108,732.00. Following the transaction, the vice president now directly owns 1,724 shares in the company, valued at $144,195.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 2,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $86.48, for a total transaction of $172,960.00. Following the completion of the sale, the director now directly owns 1,848 shares of the company’s stock, valued at approximately $159,815.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,770 shares of company stock worth $3,011,976. Insiders own 0.61% of the company’s stock.

D.R. Horton Profile

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D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 106 markets across 33 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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