Overbrook Management Corp Sells 28,662 Shares of D.R. Horton, Inc. (NYSE:DHI)

Overbrook Management Corp reduced its stake in D.R. Horton, Inc. (NYSE:DHI - Free Report) by 27.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,748 shares of the construction company's stock after selling 28,662 shares during the period. D.R. Horton makes up 2.2% of Overbrook Management Corp's portfolio, making the stock its 19th biggest position. Overbrook Management Corp's holdings in D.R. Horton were worth $9,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its position in D.R. Horton by 1.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 319,166 shares of the construction company's stock worth $44,626,000 after purchasing an additional 5,052 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of D.R. Horton by 3.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 119,400 shares of the construction company's stock worth $16,695,000 after buying an additional 3,800 shares during the period. Kovack Advisors Inc. bought a new position in shares of D.R. Horton in the fourth quarter worth about $601,000. Proficio Capital Partners LLC raised its stake in shares of D.R. Horton by 22,199.7% in the fourth quarter. Proficio Capital Partners LLC now owns 262,914 shares of the construction company's stock worth $36,761,000 after buying an additional 261,735 shares during the period. Finally, Versor Investments LP bought a new position in shares of D.R. Horton in the fourth quarter worth about $205,000. 90.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael R. Buchanan sold 2,150 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $127.70, for a total transaction of $274,555.00. Following the transaction, the director now owns 2,193 shares of the company's stock, valued at approximately $280,046.10. This represents a 49.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.54% of the company's stock.

D.R. Horton Stock Performance

NYSE DHI opened at $128.77 on Friday. The company has a market cap of $39.56 billion, a P/E ratio of 9.75, a P/E/G ratio of 3.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.15 and a current ratio of 7.29. The business's 50 day moving average price is $123.32 and its 200-day moving average price is $130.06. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $199.85.

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

D.R. Horton Dividend Announcement

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

Wall Street Analysts Forecast Growth

DHI has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective 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. Keefe, Bruyette & Woods decreased their target price on 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. The Goldman Sachs Group decreased their target price on D.R. Horton from $173.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen raised D.R. Horton from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada reduced their price objective on D.R. Horton from $125.00 to $105.00 and set an "underperform" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $151.15.

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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