Boston Trust Walden Corp cut its position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,548 shares of the construction company’s stock after selling 3,055 shares during the quarter. Boston Trust Walden Corp’s holdings in D.R. Horton were worth $36,555,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Horizon Investments LLC lifted its stake in D.R. Horton by 1.5% during the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after purchasing an additional 83 shares during the period. Franchise Capital Ltd lifted its stake in D.R. Horton by 15.7% during the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after purchasing an additional 85 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in D.R. Horton by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock worth $470,000 after purchasing an additional 98 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in D.R. Horton by 4.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company’s stock worth $322,000 after purchasing an additional 101 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in D.R. Horton by 1.0% during the second quarter. Tectonic Advisors LLC now owns 10,356 shares of the construction company’s stock worth $1,335,000 after purchasing an additional 101 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.
D.R. Horton Stock Performance
DHI stock opened at $156.77 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The company has a 50 day moving average price of $167.14 and a 200 day moving average price of $141.32. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $195.50. The stock has a market capitalization of $46.74 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 3.17 and a beta of 1.40.
D.R. Horton Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.60 annualized dividend and a dividend yield of 1.0%. D.R. Horton’s payout ratio is presently 12.83%.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the sale, the chairman owned 815,672 shares of the company’s stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,376 shares of company stock worth $5,898,848. Insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on DHI shares. Royal Bank Of Canada lifted their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, UBS Group lifted their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $156.54.
Get Our Latest Stock Report on D.R. Horton
D.R. Horton Profile
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 118 markets across 33 states under the names of D.R.
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