Quantum Capital Management LLC NJ Buys 199,881 Shares of D. R. Horton Inc (NYSE:DHI)

Quantum Capital Management LLC NJ lifted its stake in shares of D. R. Horton Inc (NYSE:DHI) by 48.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 609,867 shares of the construction company’s stock after purchasing an additional 199,881 shares during the period. D. R. Horton makes up about 6.3% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 8th biggest position. Quantum Capital Management LLC NJ’s holdings in D. R. Horton were worth $26,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DHI. Front Row Advisors LLC lifted its position in shares of D. R. Horton by 873.5% during the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock worth $33,000 after purchasing an additional 725 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of D. R. Horton by 268.2% during the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of D. R. Horton during the second quarter worth approximately $41,000. Motco acquired a new position in shares of D. R. Horton during the second quarter worth approximately $41,000. Finally, Penserra Capital Management LLC acquired a new position in shares of D. R. Horton during the first quarter worth approximately $59,000. Institutional investors own 86.04% of the company’s stock.

In other D. R. Horton news, Director Bradley S. Anderson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock valued at $937,350 in the last ninety days. Insiders own 6.87% of the company’s stock.

NYSE DHI traded up $0.65 during trading hours on Tuesday, hitting $49.68. The company’s stock had a trading volume of 317,125 shares, compared to its average volume of 3,569,558. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month 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 has a market capitalization of $18.23 billion, a P/E ratio of 12.15, a PEG ratio of 1.08 and a beta of 1.04. The stock has a fifty day moving average of $48.34 and a 200 day moving average of $44.74.

D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that D. R. Horton Inc will post 4.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders 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 payout ratio is presently 14.67%.

Several equities analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 price objective on the stock. Royal Bank of Canada set a $46.00 price objective on shares of D. R. Horton and gave the company a “hold” rating in a report on Wednesday, July 31st. Buckingham Research increased their price objective on shares of D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BTIG Research increased their price objective on shares of D. R. Horton to $56.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, SunTrust Banks assumed coverage on shares of D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. D. R. Horton currently has an average rating of “Buy” and a consensus price target of $49.22.

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

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