Huntington National Bank lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 47,588 shares of the construction company’s stock after selling 1,722 shares during the period. Huntington National Bank’s holdings in D.R. Horton were worth $1,900,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in D.R. Horton by 0.3% during the second quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after purchasing an additional 37 shares during the period. BKD Wealth Advisors LLC grew its holdings in D.R. Horton by 0.3% during the second quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock valued at $394,000 after purchasing an additional 39 shares during the period. First Allied Advisory Services Inc. grew its holdings in D.R. Horton by 0.4% during the second quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after purchasing an additional 42 shares during the period. Shufro Rose & Co. LLC grew its holdings in D.R. Horton by 0.6% during the second quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock valued at $396,000 after purchasing an additional 67 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in D.R. Horton by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 8,210 shares of the construction company’s stock valued at $283,000 after purchasing an additional 111 shares during the period. 82.40% of the stock is owned by institutional investors and hedge funds.
In related news, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the sale, the director now directly owns 8,000 shares in the company, valued at approximately $288,880. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradley S. Anderson sold 10,000 shares of D.R. Horton stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the sale, the director now owns 36,828 shares in the company, valued at $1,379,576.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,000 shares of company stock worth $852,580. 7.20% of the stock is currently owned by insiders.
Several research firms have issued reports on DHI. BidaskClub raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Monday, August 14th. UBS AG began coverage on D.R. Horton in a report on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Wells Fargo & Company reissued an “outperform” rating and set a $62.00 price target (up previously from $41.00) on shares of D.R. Horton in a report on Monday, October 23rd. They noted that the move was a valuation call. Mizuho reissued a “hold” rating and set a $38.00 price target on shares of D.R. Horton in a report on Friday. Finally, KeyCorp reissued a “buy” rating and set a $41.00 price target on shares of D.R. Horton in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. D.R. Horton currently has a consensus rating of “Buy” and a consensus target price of $41.56.
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Shares of D.R. Horton, Inc. (NYSE DHI) opened at 44.30 on Friday. The stock has a market capitalization of $16.58 billion, a P/E ratio of 16.60 and a beta of 1.24. The company has a 50 day moving average price of $39.91 and a 200-day moving average price of $35.98. D.R. Horton, Inc. has a 52-week low of $26.69 and a 52-week high of $44.40.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the previous year, the firm posted $0.66 EPS. D.R. Horton’s revenue was up 17.0% compared to the same quarter last year. On average, analysts predict that D.R. Horton, Inc. will post $2.74 earnings per share for the current fiscal year.
D.R. Horton announced that its board has initiated a stock buyback program on Wednesday, July 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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