BB&T Corp Raises Stake in D. R. Horton Inc (DHI)
BB&T Corp grew its holdings in D. R. Horton Inc (NYSE:DHI) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,047 shares of the construction company’s stock after purchasing an additional 3,911 shares during the period. BB&T Corp’s holdings in D. R. Horton were worth $7,534,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. PRW Wealth Management LLC acquired a new position in shares of D. R. Horton in the 4th quarter valued at about $30,000. Ropes Wealth Advisors LLC acquired a new position in shares of D. R. Horton in the 1st quarter valued at about $37,000. Sage Capital Advisors llc acquired a new position in shares of D. R. Horton in the 4th quarter valued at about $31,000. Semmax Financial Advisors Inc. acquired a new position in shares of D. R. Horton in the 4th quarter valued at about $33,000. Finally, JOYN Advisors Inc. increased its holdings in shares of D. R. Horton by 37.0% in the 4th quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock valued at $34,000 after purchasing an additional 268 shares during the period. Institutional investors own 84.39% of the company’s stock.
A number of brokerages have recently weighed in on DHI. Keefe, Bruyette & Woods downgraded D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $45.66 to $37.30 in a report on Monday. Susquehanna Bancshares reiterated a “neutral” rating and issued a $49.00 target price (up previously from $46.00) on shares of D. R. Horton in a report on Wednesday, April 17th. Buckingham Research increased their price objective on D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JMP Securities increased their price objective on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Barclays set a $44.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.92.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Friday, January 25th. The construction company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that D. R. Horton Inc will post 3.94 EPS for the current year.
In other D. R. Horton news, Director Barbara K. Allen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $36.79, for a total transaction of $147,160.00. Following the completion of the sale, the director now owns 5,650 shares of the company’s stock, valued at $207,863.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Hewatt sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.28, for a total value of $82,560.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $371,520. The disclosure for this sale can be found here. Insiders have sold 12,666 shares of company stock valued at $497,652 in the last ninety days. Company insiders own 6.87% of the company’s stock.
D. R. Horton Company 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.
Read More: What is the Ex-Dividend Date in Investing?
Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D. R. Horton Inc (NYSE:DHI).
Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.