Van ECK Associates Corp boosted its position in D.R. Horton, Inc. (NYSE:DHI) by 10.2% during the 1st quarter, Holdings Channel reports. The fund owned 25,256 shares of the construction company’s stock after buying an additional 2,339 shares during the period. Van ECK Associates Corp’s holdings in D.R. Horton were worth $2,251,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Macroview Investment Management LLC raised its position in shares of D.R. Horton by 111.7% during the first quarter. Macroview Investment Management LLC now owns 290 shares of the construction company’s stock worth $26,000 after purchasing an additional 153 shares during the period. Atlas Private Wealth Advisors raised its holdings in D.R. Horton by 2,307.7% during the first quarter. Atlas Private Wealth Advisors now owns 313 shares of the construction company’s stock worth $28,000 after buying an additional 300 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of D.R. Horton by 41.8% during the first quarter. Glassman Wealth Services now owns 363 shares of the construction company’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. Concord Wealth Partners increased its position in shares of D.R. Horton by 58.1% during the first quarter. Concord Wealth Partners now owns 381 shares of the construction company’s stock worth $34,000 after acquiring an additional 140 shares in the last quarter. Finally, Burleson & Company LLC acquired a new stake in shares of D.R. Horton in the 1st quarter worth about $36,000. 80.95% of the stock is owned by hedge funds and other institutional investors.
Shares of DHI opened at $89.32 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.54 and a quick ratio of 1.20. The stock has a market cap of $32.20 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.65. D.R. Horton, Inc. has a 52-week low of $52.24 and a 52-week high of $106.89. The business’s 50-day moving average is $94.44.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Monday, May 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, May 7th. D.R. Horton’s payout ratio is 12.99%.
Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on D.R. Horton from $87.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, April 23rd. JPMorgan Chase & Co. raised shares of D.R. Horton from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 17th. Argus increased their target price on shares of D.R. Horton from $105.00 to $110.00 and gave the company a “buy” rating in a report on Monday, April 26th. KeyCorp boosted their price target on shares of D.R. Horton from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. Finally, BTIG Research increased their price objective on shares of D.R. Horton from $108.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 23rd. Three research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $93.62.
In related news, Director Bradley S. Anderson sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 27th. The shares were sold at an average price of $101.56, for a total value of $507,800.00. Following the completion of the transaction, the director now directly owns 44,159 shares in the company, valued at $4,484,788.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Aron M. Odom sold 3,000 shares of the stock in a transaction on Friday, May 7th. The shares were sold at an average price of $102.50, for a total value of $307,500.00. Following the completion of the transaction, the vice president now directly owns 2,917 shares in the company, valued at approximately $298,992.50. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.
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 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.
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