D. R. Horton Inc (NYSE:DHI) Stake Cut by Commerce Bank

Commerce Bank cut its stake in D. R. Horton Inc (NYSE:DHI) by 62.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,665 shares of the construction company’s stock after selling 330,401 shares during the period. Commerce Bank owned 0.05% of D. R. Horton worth $6,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trexquant Investment LP increased its position in D. R. Horton by 836.8% in the fourth quarter. Trexquant Investment LP now owns 100,936 shares of the construction company’s stock worth $5,324,000 after buying an additional 90,162 shares during the period. Strategic Investment Advisors MI increased its position in D. R. Horton by 16.1% in the fourth quarter. Strategic Investment Advisors MI now owns 5,883 shares of the construction company’s stock worth $310,000 after buying an additional 816 shares during the period. Belpointe Asset Management LLC increased its position in D. R. Horton by 6.8% in the fourth quarter. Belpointe Asset Management LLC now owns 10,716 shares of the construction company’s stock worth $565,000 after buying an additional 680 shares during the period. Watchman Group Inc. acquired a new stake in D. R. Horton in the fourth quarter worth $2,230,000. Finally, Todd Asset Management LLC acquired a new stake in D. R. Horton in the fourth quarter worth $15,529,000. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

In other D. R. Horton news, Director Barbara K. Allen sold 940 shares of D. R. Horton stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $54.57, for a total value of $51,295.80. Following the transaction, the director now directly owns 6,590 shares of the company’s stock, valued at approximately $359,616.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael W. Hewatt sold 1,833 shares of D. R. Horton stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $50.81, for a total value of $93,134.73. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,243 shares of company stock worth $167,174. Company insiders own 6.96% of the company’s stock.

Several equities research analysts have weighed in on DHI shares. Barclays increased their target price on D. R. Horton from $48.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. TheStreet raised D. R. Horton from a “c+” rating to a “b-” rating in a report on Wednesday. Wedbush raised D. R. Horton from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $56.00 to $44.00 in a report on Wednesday, April 1st. Wells Fargo & Co raised their price target on D. R. Horton from $43.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Royal Bank of Canada raised their price target on D. R. Horton from $37.00 to $41.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.82.

Shares of DHI stock opened at $54.06 on Friday. The stock’s 50 day simple moving average is $42.77 and its 200 day simple moving average is $50.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 7.25. D. R. Horton Inc has a twelve month low of $25.51 and a twelve month high of $62.54. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 1.26 and a beta of 1.57.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.18. D. R. Horton had a return on equity of 17.70% and a net margin of 10.26%. The business had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the business earned $0.93 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts forecast that D. R. Horton Inc will post 4.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.29%. The ex-dividend date was Friday, May 8th. D. R. Horton’s dividend payout ratio is currently 16.32%.

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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