CIBC Asset Management Inc lifted its position in D. R. Horton Inc (NYSE:DHI) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,409 shares of the construction company’s stock after buying an additional 1,776 shares during the period. CIBC Asset Management Inc’s holdings in D. R. Horton were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Boston Private Wealth LLC boosted its stake in shares of D. R. Horton by 2.2% in the 1st quarter. Boston Private Wealth LLC now owns 9,692 shares of the construction company’s stock worth $330,000 after buying an additional 210 shares during the last quarter. CWM LLC boosted its stake in shares of D. R. Horton by 25.1% in the 1st quarter. CWM LLC now owns 1,061 shares of the construction company’s stock worth $36,000 after buying an additional 213 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of D. R. Horton by 1.6% in the 1st quarter. Sowell Financial Services LLC now owns 14,867 shares of the construction company’s stock worth $505,000 after buying an additional 239 shares during the last quarter. Investment House LLC boosted its stake in shares of D. R. Horton by 3.9% in the 2nd quarter. Investment House LLC now owns 7,310 shares of the construction company’s stock worth $405,000 after buying an additional 275 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of D. R. Horton by 4.9% in the 4th quarter. Profund Advisors LLC now owns 6,301 shares of the construction company’s stock worth $332,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 83.14% of the company’s stock.

In other news, Director Michael W. Hewatt sold 1,833 shares of D. R. Horton stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $50.81, for a total value of $93,134.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael W. Hewatt sold 1,000 shares of D. R. Horton stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $53.45, for a total value of $53,450.00. Following the completion of the sale, the director now directly owns 1,000 shares in the company, valued at $53,450. The disclosure for this sale can be found here. 6.96% of the stock is owned by company insiders.

NYSE:DHI opened at $66.16 on Friday. The company has a quick ratio of 1.40, a current ratio of 6.82 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $58.15 and its two-hundred day simple moving average is $51.69. The stock has a market cap of $24.05 billion, a PE ratio of 11.96, a P/E/G ratio of 0.96 and a beta of 1.62. D. R. Horton Inc has a 52 week low of $25.51 and a 52 week high of $70.29.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings results on Tuesday, July 28th. The construction company reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.42. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $4.99 billion. D. R. Horton had a return on equity of 18.53% and a net margin of 10.82%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Sell-side analysts anticipate that D. R. Horton Inc will post 4.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.06%. D. R. Horton’s dividend payout ratio is presently 16.32%.

A number of research firms have recently issued reports on DHI. Susquehanna Bancshares downgraded D. R. Horton from a “positive” rating to a “neutral” rating and raised their price target for the stock from $55.00 to $62.00 in a research note on Tuesday, July 21st. JMP Securities lifted their target price on D. R. Horton from $70.00 to $75.00 in a research report on Thursday. Seaport Global Securities lifted their target price on D. R. Horton from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, July 13th. TheStreet upgraded D. R. Horton from a “c+” rating to a “b-” rating in a research report on Wednesday, May 20th. Finally, Credit Suisse Group lifted their target price on D. R. Horton from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.83.

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.

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

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