New Century Advisors LLC Reduces Stake in D.R. Horton, Inc. (NYSE:DHI)

New Century Advisors LLC lowered its holdings in D.R. Horton, Inc. (NYSE:DHIGet Rating) by 83.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,200 shares of the construction company’s stock after selling 10,980 shares during the period. New Century Advisors LLC’s holdings in D.R. Horton were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DHI. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton in the 1st quarter valued at about $28,000. GPS Wealth Strategies Group LLC raised its holdings in shares of D.R. Horton by 300.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of D.R. Horton in the 1st quarter valued at about $30,000. MCF Advisors LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at about $32,000. Finally, Tcwp LLC purchased a new stake in shares of D.R. Horton in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DHI shares. UBS Group lowered their price target on D.R. Horton from $151.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Barclays reduced their price objective on D.R. Horton from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $82.50 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Citigroup increased their price objective on D.R. Horton from $73.00 to $90.00 in a research report on Friday, July 22nd. Finally, The Goldman Sachs Group reduced their price target on D.R. Horton from $89.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.14.

Insider Activity

In other news, VP Aron M. Odom sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the completion of the transaction, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Aron M. Odom sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the completion of the transaction, the vice president now owns 3,024 shares in the company, valued at approximately $235,025.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 2,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total value of $154,940.50. Following the completion of the transaction, the director now owns 3,378 shares of the company’s stock, valued at approximately $241,527. The disclosure for this sale can be found here. Insiders sold a total of 11,167 shares of company stock worth $851,821 in the last quarter. 0.49% of the stock is owned by company insiders.

D.R. Horton Trading Down 0.5 %

Shares of DHI stock traded down $0.33 during trading hours on Friday, reaching $70.62. The company’s stock had a trading volume of 164,149 shares, compared to its average volume of 2,815,097. The stock has a market capitalization of $24.54 billion, a P/E ratio of 4.54, a P/E/G ratio of 0.46 and a beta of 1.60. D.R. Horton, Inc. has a one year low of $59.25 and a one year high of $110.45. The firm’s fifty day simple moving average is $74.22 and its 200 day simple moving average is $73.16. The company has a current ratio of 5.71, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.91 billion. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $3.06 EPS. Equities research analysts expect that D.R. Horton, Inc. will post 17.08 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, August 4th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, August 3rd. D.R. Horton’s payout ratio is presently 5.78%.

D.R. Horton Profile

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D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.

Further Reading

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

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