Blue Fin Capital Inc. grew its stake in shares of D. R. Horton Inc (NYSE:DHI) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,776 shares of the construction company’s stock after acquiring an additional 800 shares during the period. Blue Fin Capital Inc.’s holdings in D. R. Horton were worth $497,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. IMS Capital Management acquired a new position in shares of D. R. Horton during the third quarter valued at about $115,000. River Wealth Advisors LLC acquired a new position in shares of D. R. Horton during the third quarter valued at about $160,000. Qube Research & Technologies Ltd raised its position in shares of D. R. Horton by 2,033.5% during the second quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock valued at $159,000 after buying an additional 3,701 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of D. R. Horton during the third quarter valued at about $205,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of D. R. Horton during the third quarter valued at about $220,000. Institutional investors and hedge funds own 81.58% of the company’s stock.
In other news, Chairman Donald R. Horton sold 163,000 shares of D. R. Horton stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $36.08, for a total value of $5,881,040.00. Following the completion of the transaction, the chairman now owns 23,833,899 shares of the company’s stock, valued at approximately $859,927,075.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bradley S. Anderson sold 10,000 shares of D. R. Horton stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $34.40, for a total transaction of $344,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,892 shares of company stock worth $8,206,227. 6.87% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on DHI. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Buckingham Research began coverage on shares of D. R. Horton in a research report on Friday. They issued a “buy” rating for the company. JMP Securities set a $44.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Wednesday, January 2nd. Keefe, Bruyette & Woods lowered shares of D. R. Horton from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Credit Suisse Group set a $45.00 price target on shares of D. R. Horton and gave the stock a “buy” rating in a research report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.80.
DHI stock traded up $0.66 during midday trading on Friday, reaching $39.77. The company’s stock had a trading volume of 349,333 shares, compared to its average volume of 5,146,111. D. R. Horton Inc has a 52 week low of $32.39 and a 52 week high of $52.74. The stock has a market cap of $14.89 billion, a PE ratio of 9.74, a PEG ratio of 0.77 and a beta of 1.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.31 and a current ratio of 7.25.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, sell-side analysts predict that D. R. Horton Inc will post 4.18 earnings per share for the current fiscal year.
D. R. Horton Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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