D. R. Horton Inc (NYSE:DHI) Shares Sold by Pennsylvania Trust Co

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Pennsylvania Trust Co reduced its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,605 shares of the construction company’s stock after selling 13,300 shares during the period. Pennsylvania Trust Co’s holdings in D. R. Horton were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DHI. Front Row Advisors LLC increased its position in D. R. Horton by 873.5% during the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after buying an additional 725 shares in the last quarter. Cornerstone Advisors Inc. increased its position in D. R. Horton by 268.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after buying an additional 684 shares in the last quarter. Ibex Wealth Advisors acquired a new position in D. R. Horton during the 2nd quarter valued at about $41,000. Motco acquired a new position in D. R. Horton during the 2nd quarter valued at about $41,000. Finally, CSat Investment Advisory L.P. increased its holdings in shares of D. R. Horton by 122.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,161 shares of the construction company’s stock valued at $50,000 after purchasing an additional 640 shares during the period. 86.07% of the stock is currently owned by institutional investors.

In other news, Director Michael R. Buchanan sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the director now owns 32,076 shares in the company, valued at $1,481,269.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael W. Hewatt sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $937,350 in the last 90 days. Company insiders own 6.87% of the company’s stock.

Shares of DHI stock opened at $52.50 on Friday. D. R. Horton Inc has a fifty-two week low of $32.39 and a fifty-two week high of $53.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The firm has a market capitalization of $19.57 billion, a PE ratio of 12.84, a P/E/G ratio of 1.05 and a beta of 1.04. The stock’s 50-day simple moving average is $50.70 and its 200-day simple moving average is $46.16.

D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.52 billion. During the same quarter in the prior year, the business earned $1.18 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts forecast that D. R. Horton Inc will post 4.18 earnings per share for the current year.

A number of research analysts have recently weighed in on DHI shares. Buckingham Research increased their price objective on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday. 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 objective on the stock. JMP Securities increased their price objective 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. Finally, Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the company a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. D. R. Horton has a consensus rating of “Buy” and an average price target of $49.22.

About D. R. Horton

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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