Flinton Capital Management LLC grew its holdings in D. R. Horton Inc (NYSE:DHI) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,930 shares of the construction company’s stock after purchasing an additional 1,394 shares during the period. Flinton Capital Management LLC’s holdings in D. R. Horton were worth $4,385,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Private Capital Group LLC increased its holdings in shares of D. R. Horton by 2,107.6% in the 1st quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock worth $115,000 after purchasing an additional 2,508 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of D. R. Horton in the 2nd quarter worth $162,000. Stratos Wealth Partners LTD. increased its holdings in shares of D. R. Horton by 257.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,645 shares of the construction company’s stock worth $204,000 after purchasing an additional 3,344 shares in the last quarter. Csenge Advisory Group bought a new stake in shares of D. R. Horton in the 1st quarter worth $211,000. Finally, Atria Investments LLC bought a new stake in shares of D. R. Horton in the 2nd quarter worth $214,000. 83.88% of the stock is owned by institutional investors and hedge funds.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.
Shares of DHI opened at $44.77 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. D. R. Horton Inc has a one year low of $35.75 and a one year high of $53.32. The firm has a market capitalization of $16.98 billion, a P/E ratio of 12.26, a PEG ratio of 1.09 and a beta of 1.09.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.10. D. R. Horton had a return on equity of 17.19% and a net margin of 8.32%. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. D. R. Horton’s revenue was up 17.4% compared to the same quarter last year. equities research analysts predict that D. R. Horton Inc will post 4.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, August 7th. D. R. Horton’s dividend payout ratio is presently 18.25%.
Several analysts recently commented on the company. Mizuho set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a report on Monday, August 6th. MKM Partners cut their price objective on D. R. Horton to $52.00 and set a “neutral” rating for the company in a report on Friday, August 3rd. KeyCorp set a $54.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Friday, July 27th. JMP Securities cut their price objective on D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating for the company in a report on Friday, July 27th. Finally, Evercore ISI raised D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $54.27.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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