D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Howard Capital Management Inc.

Key Points

• Howard Capital Management Inc. reduced its stake in D.R. Horton by 71.8% during the 1st quarter, owning only 2,103 shares after selling 5,364 shares, valued at approximately $267,000.
• Analysts have mixed opinions on D.R. Horton, with seven holding ratings, six buy ratings, and a consensus target price of $153.23, as well as recent adjustments from firms like Goldman Sachs and UBS Group.
• D.R. Horton recently announced a quarterly dividend of $0.40 per share, representing a dividend yield of 1.1% with a payout ratio of 12.83%.

Howard Capital Management Inc. decreased its position in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 71.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,103 shares of the construction company's stock after selling 5,364 shares during the quarter. Howard Capital Management Inc.'s holdings in D.R. Horton were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd increased its stake in shares of D.R. Horton by 340.4% during the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company's stock valued at $32,000 after acquiring an additional 194 shares during the last quarter. Tredje AP fonden acquired a new position in shares of D.R. Horton during the 1st quarter valued at about $51,233,000. Banque Cantonale Vaudoise acquired a new position in shares of D.R. Horton during the 1st quarter valued at about $283,000. GSA Capital Partners LLP increased its stake in shares of D.R. Horton by 26.4% during the 1st quarter. GSA Capital Partners LLP now owns 15,254 shares of the construction company's stock valued at $1,939,000 after acquiring an additional 3,182 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in shares of D.R. Horton by 11.1% during the 1st quarter. Mawer Investment Management Ltd. now owns 98,399 shares of the construction company's stock valued at $12,509,000 after acquiring an additional 9,849 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company's stock.

Insider Activity

In related news, Director Michael R. Buchanan sold 2,150 shares of D.R. Horton stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $127.70, for a total value of $274,555.00. Following the completion of the sale, the director owned 2,193 shares in the company, valued at approximately $280,046.10. The trade was a 49.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DHI shares. Wall Street Zen raised shares of D.R. Horton from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. The Goldman Sachs Group dropped their target price on shares of D.R. Horton from $173.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Wedbush increased their target price on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. UBS Group increased their target price on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their target price on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $153.23.

D.R. Horton Stock Up 5.2%

Shares of NYSE:DHI opened at $150.23 on Friday. The company has a market capitalization of $44.79 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 3.04 and a beta of 1.38. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $130.51 and a two-hundred day moving average of $129.45. D.R. Horton, Inc. has a 52-week low of $110.44 and a 52-week high of $199.85.

D.R. Horton (NYSE:DHI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The business's revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.10 earnings per share. As a group, analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 7th. D.R. Horton's payout ratio is 12.83%.

D.R. Horton Company Profile

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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