D.R. Horton, Inc. (NYSE:DHI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 51.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,211 shares of the construction company's stock after acquiring an additional 2,437 shares during the period. GAMMA Investing LLC's holdings in D.R. Horton were worth $917,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC boosted its stake in shares of D.R. Horton by 74.5% during the 4th quarter. Nemes Rush Group LLC now owns 192 shares of the construction company's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of D.R. Horton by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,732 shares of the construction company's stock worth $1,221,000 after purchasing an additional 89 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of D.R. Horton by 1.7% during the 4th quarter. Horizon Investments LLC now owns 5,503 shares of the construction company's stock worth $767,000 after purchasing an additional 91 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of D.R. Horton by 0.3% during the 4th quarter. Blair William & Co. IL now owns 36,782 shares of the construction company's stock worth $5,143,000 after purchasing an additional 95 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of D.R. Horton by 3.2% during the 4th quarter. Aptus Capital Advisors LLC now owns 3,190 shares of the construction company's stock worth $446,000 after purchasing an additional 98 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DHI has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada decreased their target price on shares of D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research report on Monday, April 21st. Barclays lowered their target price on shares of D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. JMP Securities lowered their target price on shares of D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating for the company in a report on Monday, April 21st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $151.15.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total transaction of $274,555.00. Following the sale, the director now directly owns 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by corporate insiders.

D.R. Horton Trading Up 1.3%

NYSE DHI opened at $128.77 on Monday. The company's fifty day simple moving average is $123.32 and its 200-day simple moving average is $129.75. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $199.85. The company has a current ratio of 7.29, a quick ratio of 1.15 and a debt-to-equity ratio of 0.26. The stock has a market cap of $39.56 billion, a P/E ratio of 9.75, a PEG ratio of 4.02 and a beta of 1.37.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its earnings results on Thursday, April 17th. The construction company reported $2.58 EPS for the quarter, missing analysts' consensus estimates of $2.69 by ($0.11). D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the firm posted $3.52 earnings per share. Equities research analysts predict that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, May 2nd. This represents a $1.60 annualized dividend and a yield of 1.24%. D.R. Horton's dividend payout ratio is presently 12.11%.

About D.R. Horton

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 118 markets across 33 states under the names of D.R.

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