Hodges Capital Management Inc. Grows Holdings in D. R. Horton Inc (DHI)

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Hodges Capital Management Inc. grew its position in shares of D. R. Horton Inc (NYSE:DHI) by 18.9% during the first quarter, HoldingsChannel reports. The firm owned 44,653 shares of the construction company’s stock after acquiring an additional 7,090 shares during the quarter. Hodges Capital Management Inc.’s holdings in D. R. Horton were worth $1,848,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PRW Wealth Management LLC acquired a new position in D. R. Horton during the fourth quarter worth $30,000. Ropes Wealth Advisors LLC acquired a new position in D. R. Horton during the first quarter worth $37,000. Sage Capital Advisors llc acquired a new position in D. R. Horton during the fourth quarter worth $31,000. Semmax Financial Advisors Inc. acquired a new position in D. R. Horton during the fourth quarter worth $33,000. Finally, JOYN Advisors Inc. lifted its stake in D. R. Horton by 37.0% during the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 84.39% of the company’s stock.

In other D. R. Horton news, Director Barbara K. Allen sold 1,410 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $40.47, for a total value of $57,062.70. Following the sale, the director now directly owns 7,060 shares in the company, valued at $285,718.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 4,000 shares of the firm’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $36.79, for a total value of $147,160.00. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at $207,863.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,666 shares of company stock worth $497,652. Insiders own 6.87% of the company’s stock.

Shares of NYSE DHI opened at $45.42 on Tuesday. The firm has a market capitalization of $16.93 billion, a PE ratio of 11.11, a P/E/G ratio of 0.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 6.85. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $46.91.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The company had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, analysts anticipate that D. R. Horton Inc will post 3.92 earnings per share for the current year.

A number of research firms have commented on DHI. JMP Securities upped their price target on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. Barclays set a $44.00 price target on D. R. Horton and gave the stock a “buy” rating in a research note on Thursday, March 28th. ValuEngine upgraded D. R. Horton from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Raymond James cut D. R. Horton from a “strong-buy” rating to a “market perform” rating and set a $39.43 price target on the stock. in a research note on Thursday, February 14th. Finally, Credit Suisse Group set a $46.00 price target on D. R. Horton and gave the stock a “buy” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. D. R. Horton presently has an average rating of “Buy” and a consensus price target of $46.89.

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About D. R. Horton

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 27 states and 81 markets in the United States under the names of D.R.

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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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