Cullen Frost Bankers Inc. Sells 69,347 Shares of D.R. Horton, Inc. $DHI

Cullen Frost Bankers Inc. trimmed its stake in D.R. Horton, Inc. (NYSE:DHI) by 84.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,457 shares of the construction company’s stock after selling 69,347 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in D.R. Horton were worth $1,606,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Olde Wealth Management LLC bought a new stake in D.R. Horton in the first quarter worth $26,000. Bayforest Capital Ltd boosted its holdings in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after acquiring an additional 194 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in D.R. Horton in the first quarter worth $34,000. Ransom Advisory Ltd bought a new stake in D.R. Horton in the first quarter worth $51,000. Finally, Adirondack Trust Co. lifted its holdings in shares of D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after purchasing an additional 141 shares in the last quarter. 90.63% of the stock is owned by institutional investors.

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 dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares in the company, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $182.21, for a total value of $5,466,300.00. Following the transaction, the chairman directly owned 815,672 shares in the company, valued at approximately $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by company insiders.

D.R. Horton Stock Up 0.2%

DHI stock opened at $158.55 on Friday. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The business’s 50-day moving average is $166.80 and its two-hundred day moving average is $142.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. The company has a market cap of $47.27 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 3.29 and a beta of 1.40.

D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the company earned $4.10 earnings per share. D.R. Horton’s revenue was down 7.4% on a year-over-year basis. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Wedbush increased their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Finally, Evercore ISI set a $169.00 price objective on D.R. Horton and gave the company an “in-line” rating in a research report on Tuesday, October 7th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and an average price target of $156.54.

D.R. Horton Company 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.