Gateway Investment Advisers LLC Sells 648 Shares of D. R. Horton Inc (NYSE:DHI)

Gateway Investment Advisers LLC trimmed its position in shares of D. R. Horton Inc (NYSE:DHI) by 4.7% during the second quarter, HoldingsChannel reports. The firm owned 13,176 shares of the construction company’s stock after selling 648 shares during the quarter. Gateway Investment Advisers LLC’s holdings in D. R. Horton were worth $568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc acquired a new stake in shares of D. R. Horton during the first quarter worth $25,000. Front Row Advisors LLC raised its holdings 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 acquiring an additional 725 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in shares of D. R. Horton during the first quarter worth $37,000. Parallel Advisors LLC raised its holdings in shares of 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 acquiring an additional 354 shares during the period. Finally, Cornerstone Advisors Inc. raised its holdings 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 acquiring an additional 684 shares during the period. 87.02% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on DHI. Royal Bank of Canada set a $147.00 price objective on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Friday, April 26th. Susquehanna Bancshares assumed coverage on shares of Dow Chemical in a research note on Wednesday, April 17th. They issued a “positive” rating on the stock. Keefe, Bruyette & Woods lowered shares of D. R. Horton from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $45.66 to $37.30 in a research note on Monday, April 22nd. Buckingham Research lifted their price target on shares of PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, KeyCorp lowered their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. D. R. Horton has a consensus rating of “Buy” and an average price target of $47.23.

Shares of DHI traded down $1.11 during midday trading on Tuesday, reaching $43.65. The stock had a trading volume of 354,676 shares, compared to its average volume of 3,519,293. The company’s 50 day simple moving average is $44.62. D. R. Horton Inc has a one year low of $32.39 and a one year high of $47.02. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 7.27.

D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts anticipate that D. R. Horton Inc will post 3.91 earnings per share for the current fiscal year.

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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