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Oak Thistle LLC Acquires New Position in D.R. Horton, Inc. (NYSE:DHI)

D.R. Horton logo with Construction background

Oak Thistle LLC bought a new stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,067 shares of the construction company's stock, valued at approximately $898,000.

A number of other institutional investors have also recently added to or reduced their stakes in DHI. Bank Pictet & Cie Europe AG lifted its holdings in D.R. Horton by 1.6% during the 4th 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 during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of D.R. Horton by 59.5% in the 4th quarter. Proficio Capital Partners LLC now owns 1,880 shares of the construction company's stock valued at $263,000 after purchasing an additional 701 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of D.R. Horton by 8.0% in the 4th quarter. LPL Financial LLC now owns 236,514 shares of the construction company's stock valued at $33,069,000 after purchasing an additional 17,550 shares during the last quarter. Zions Bancorporation N.A. raised its stake in D.R. Horton by 49.9% during the 4th quarter. Zions Bancorporation N.A. now owns 3,206 shares of the construction company's stock valued at $448,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in D.R. Horton by 4.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 467,676 shares of the construction company's stock valued at $65,423,000 after acquiring an additional 19,960 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company's stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 2,150 shares of the company's stock in a transaction dated 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 directly owned 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

D.R. Horton stock traded up $0.76 on Friday, reaching $145.46. 3,708,392 shares of the stock were exchanged, compared to its average volume of 4,832,295. The firm has a fifty day moving average price of $128.00 and a two-hundred day moving average price of $129.22. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $199.85. The company has a current ratio of 7.06, a quick ratio of 1.15 and a debt-to-equity ratio of 0.29. The stock has a market cap of $43.36 billion, a PE ratio of 11.66, a PEG ratio of 3.15 and a beta of 1.38.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.46. The company had revenue of $9.23 billion for the quarter, compared to the consensus estimate 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 posted $4.10 EPS. Sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 EPS for the current year.

D.R. Horton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 7th. This represents a $1.60 annualized dividend and a yield of 1.10%. D.R. Horton's dividend payout ratio is 12.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DHI shares. Barclays cut their target price on D.R. Horton from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. UBS Group increased their target price on D.R. Horton from $176.00 to $187.00 and gave the company a "buy" rating in a report on Wednesday. JMP Securities reduced their price target on D.R. Horton from $210.00 to $180.00 and set a "market outperform" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on 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. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $105.00 to $117.00 and gave the stock an "underperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $153.23.

Get Our Latest Report on D.R. Horton

D.R. Horton Profile

(Free Report)

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.

See Also

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

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