Neuburgh Advisers LLC increased its position in shares of D. R. Horton Inc (NYSE:DHI) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,336 shares of the construction company’s stock after acquiring an additional 2,068 shares during the period. Neuburgh Advisers LLC’s holdings in D. R. Horton were worth $748,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of DHI. Geode Capital Management LLC boosted its position in shares of D. R. Horton by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 4,694,719 shares of the construction company’s stock valued at $162,446,000 after purchasing an additional 338,379 shares in the last quarter. Creative Planning acquired a new stake in D. R. Horton during the first quarter valued at approximately $216,000. Janus Henderson Group PLC lifted its stake in D. R. Horton by 11.7% during the first quarter. Janus Henderson Group PLC now owns 163,932 shares of the construction company’s stock valued at $6,784,000 after purchasing an additional 17,127 shares during the last quarter. Parallel Advisors LLC boosted its holdings in D. R. Horton by 64.5% during the first quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after buying an additional 354 shares in the last quarter. Finally, Boston Partners bought a new stake in D. R. Horton during the first quarter worth approximately $1,217,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.
Shares of DHI traded up $0.30 during mid-day trading on Wednesday, reaching $49.73. The company’s stock had a trading volume of 1,459,748 shares, compared to its average volume of 3,542,668. The business has a fifty day moving average of $47.82 and a 200 day moving average of $44.52. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. D. R. Horton Inc has a 1 year low of $32.39 and a 1 year high of $50.89. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, August 9th. D. R. Horton’s dividend payout ratio is currently 14.67%.
In other D. R. Horton news, Director Michael R. Buchanan sold 5,000 shares of D. R. Horton stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the director now owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael W. Hewatt sold 7,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $49.45, for a total value of $346,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $937,350 over the last 90 days. Corporate insiders own 6.87% of the company’s stock.
DHI has been the topic of several research reports. BTIG Research upped their price target on D. R. Horton to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks began coverage on D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 target price on the stock. Buckingham Research boosted their target price on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, KeyCorp upped their target price on D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $49.04.
D. R. Horton Company Profile
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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