Tobam acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,865 shares of the construction company’s stock, valued at approximately $2,045,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bayforest Capital Ltd boosted its holdings in D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after buying an additional 194 shares during the period. Accredited Wealth Management LLC purchased a new stake in shares of D.R. Horton during the first quarter worth $34,000. Hantz Financial Services Inc. boosted its holdings in shares of D.R. Horton by 1,678.9% in the second quarter. Hantz Financial Services Inc. now owns 338 shares of the construction company’s stock worth $44,000 after acquiring an additional 319 shares during the period. Ransom Advisory Ltd bought a new stake in shares of D.R. Horton during the first quarter valued at about $51,000. Finally, Adirondack Trust Co. boosted its position in shares of D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after acquiring an additional 141 shares during the period. Institutional investors own 90.63% of the company’s stock.
D.R. Horton Trading Up 1.5%
Shares of DHI opened at $146.81 on Wednesday. The firm has a market capitalization of $43.77 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.09 and a beta of 1.36. The firm’s 50-day moving average price is $161.90 and its 200-day moving average price is $145.69. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a current ratio of 6.48, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24.
D.R. Horton Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 13th. This is a boost from D.R. Horton’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.2%. D.R. Horton’s dividend payout ratio is 15.53%.
Insider Buying and Selling
In related news, Chairman David V. Auld sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was 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 of the company’s stock, valued at approximately $148,623,595.12. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,376 shares of company stock worth $5,898,848 in the last quarter. Corporate insiders own 0.54% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DHI. Wedbush lifted their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Citigroup reissued a “market outperform” rating on shares of D.R. Horton in a research note on Thursday, October 30th. Wells Fargo & Company raised their price objective on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.38.
View Our Latest Analysis on DHI
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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