State of New Jersey Common Pension Fund D decreased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 232,218 shares of the construction company’s stock after selling 8,148 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of D.R. Horton worth $17,563,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management lifted its holdings in shares of D.R. Horton by 3.0% during the third quarter. Hollencrest Capital Management now owns 4,479 shares of the construction company’s stock worth $339,000 after purchasing an additional 130 shares during the period. Berman Capital Advisors LLC grew its holdings in D.R. Horton by 25.9% in the 2nd quarter. Berman Capital Advisors LLC now owns 913 shares of the construction company’s stock valued at $50,000 after buying an additional 188 shares in the last quarter. Peoples Bank OH grew its holdings in D.R. Horton by 5.0% in the 3rd quarter. Peoples Bank OH now owns 4,200 shares of the construction company’s stock valued at $318,000 after buying an additional 200 shares in the last quarter. 1776 Wealth LLC grew its holdings in D.R. Horton by 12.9% in the 2nd quarter. 1776 Wealth LLC now owns 1,932 shares of the construction company’s stock valued at $107,000 after buying an additional 221 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in D.R. Horton by 0.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 46,006 shares of the construction company’s stock valued at $2,551,000 after buying an additional 252 shares in the last quarter. 82.78% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Raymond James upgraded D.R. Horton from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a report on Monday. JPMorgan Chase & Co. increased their target price on D.R. Horton from $73.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Wedbush downgraded D.R. Horton from an “outperform” rating to a “neutral” rating in a report on Friday, August 21st. They noted that the move was a valuation call. Seaport Global Securities upped their price target on D.R. Horton from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, Credit Suisse Group increased their price objective on D.R. Horton from $77.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.00.
In related news, COO Michael J. Murray sold 54,400 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $72.38, for a total value of $3,937,472.00. Following the transaction, the chief operating officer now owns 139,939 shares in the company, valued at $10,128,784.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Aron M. Odom sold 4,800 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $71.45, for a total value of $342,960.00. Following the completion of the transaction, the vice president now owns 7,819 shares in the company, valued at approximately $558,667.55. The disclosure for this sale can be found here. Insiders own 6.96% of the company’s stock.
NYSE:DHI opened at $68.03 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.65 and a current ratio of 6.82. D.R. Horton, Inc. has a one year low of $25.51 and a one year high of $81.21. The business’s 50-day simple moving average is $74.26 and its 200 day simple moving average is $61.74. The stock has a market cap of $24.74 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.77 and a beta of 1.66.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 28th. The construction company reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.42. D.R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that D.R. Horton, Inc. will post 5.75 EPS for the current year.
D.R. Horton Company 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 20 states and 51 markets in the United States under the names of D.R.
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