D.R. Horton, Inc. (NYSE:DHI) Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI - Free Report) by 33.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,533 shares of the construction company's stock after selling 4,257 shares during the period. Morse Asset Management Inc's holdings in D.R. Horton were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bank Pictet & Cie Europe AG grew its holdings in shares of D.R. Horton by 1.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after buying an additional 5,052 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in D.R. Horton by 59.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock worth $263,000 after purchasing an additional 701 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of D.R. Horton by 2.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,214 shares of the construction company's stock worth $6,322,000 after acquiring an additional 1,058 shares during the last quarter. Royal London Asset Management Ltd. grew its position in D.R. Horton by 7.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 136,120 shares of the construction company's stock valued at $19,032,000 after buying an additional 9,722 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of D.R. Horton by 62.2% during the 4th quarter. Teacher Retirement System of Texas now owns 159,976 shares of the construction company's stock worth $22,368,000 after purchasing an additional 61,376 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DHI shares. Keefe, Bruyette & Woods cut their price target on shares of D.R. Horton from $165.00 to $135.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research report on Sunday. Wells Fargo & Company increased their target price on D.R. Horton from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada increased their target price on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on D.R. Horton from $132.00 to $111.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $152.46.

D.R. Horton Price Performance

Shares of DHI stock traded down $4.30 during trading hours on Wednesday, reaching $149.20. The company's stock had a trading volume of 2,971,539 shares, compared to its average volume of 3,211,876. The company has a market capitalization of $45.83 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 2.89 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 7.29 and a debt-to-equity ratio of 0.26. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85. The firm's 50 day simple moving average is $126.01 and its 200-day simple moving average is $128.89.

D.R. Horton (NYSE:DHI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 16.95% and a net margin of 12.15%. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the business earned $4.10 EPS. The company's quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts forecast that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael R. Buchanan sold 2,150 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 2,193 shares of the company's stock, valued at approximately $280,046.10. This trade represents a 49.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

D.R. Horton 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.