D.R. Horton Inc. (DHI) Shares Bought by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC raised its position in shares of D.R. Horton Inc. (NYSE:DHI) by 61.4% during the second quarter, Holdings Channel reports. The fund owned 299,034 shares of the company’s stock after buying an additional 113,727 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in D.R. Horton were worth $9,414,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pioneer Investment Management Inc. acquired a new position in D.R. Horton during the fourth quarter worth about $5,045,000. Norges Bank bought a new stake in shares of D.R. Horton during the fourth quarter worth approximately $103,776,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of D.R. Horton by 4.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 277,794 shares of the company’s stock worth $8,398,000 after buying an additional 12,691 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of D.R. Horton by 17.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 77,994 shares of the company’s stock worth $2,358,000 after buying an additional 11,745 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of D.R. Horton by 8.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 80,126 shares of the company’s stock worth $2,422,000 after buying an additional 6,575 shares during the period. Institutional investors own 83.57% of the company’s stock.
D.R. Horton Inc. (NYSE:DHI) traded down 1.71% during midday trading on Tuesday, hitting $29.94. The stock had a trading volume of 4,736,517 shares. The stock’s 50-day moving average is $31.68 and its 200-day moving average is $31.13. The stock has a market capitalization of $11.15 billion, a PE ratio of 13.31 and a beta of 1.36. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56.
D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 21st. The company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. The business earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. On average, equities research analysts anticipate that D.R. Horton Inc. will post $2.38 EPS for the current fiscal year.
A number of brokerages have recently commented on DHI. JMP Securities reaffirmed a “buy” rating and issued a $36.00 price target on shares of D.R. Horton in a research note on Wednesday, June 15th. Bank of America Corp. raised D.R. Horton from a “neutral” rating to a “buy” rating and upped their price target for the company from $35.05 to $36.00 in a research note on Tuesday, September 13th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research note on Tuesday, July 12th. Finally, Wedbush began coverage on D.R. Horton in a research note on Monday. They issued an “outperform” rating and a $36.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. D.R. Horton presently has an average rating of “Hold” and a consensus target price of $32.56.
In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $159,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 12,000 shares of D.R. Horton stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $33.80, for a total value of $405,600.00. Following the completion of the sale, the director now owns 12,940 shares of the company’s stock, valued at $437,372. The disclosure for this sale can be found here. 7.17% of the stock is owned by company insiders.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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