D.R. Horton, Inc. $DHI Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC increased its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,749 shares of the construction company’s stock after acquiring an additional 80 shares during the quarter. Mutual Advisors LLC’s holdings in D.R. Horton were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of DHI. Olde Wealth Management LLC acquired a new position in D.R. Horton in the first quarter valued at about $26,000. Bayforest Capital Ltd lifted its position in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in D.R. Horton in the first quarter valued at about $34,000. Ransom Advisory Ltd acquired a new position in D.R. Horton in the first quarter valued at about $51,000. Finally, Adirondack Trust Co. lifted its position in D.R. Horton by 53.2% in the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock valued at $52,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DHI. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. UBS Group increased their price target on shares of D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Bank of America reduced their price target on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Finally, Wedbush increased their price target on shares of D.R. Horton from $155.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, D.R. Horton currently has a consensus rating of “Hold” and a consensus target price of $156.54.

Insider Activity at D.R. Horton

In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the transaction, the director directly owned 1,193 shares in the company, valued at $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman David V. Auld sold 30,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $182.21, for a total transaction of $5,466,300.00. Following the completion of the transaction, the chairman owned 815,672 shares in the company, valued at $148,623,595.12. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,376 shares of company stock valued at $5,898,848 over the last 90 days. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Stock Up 3.2%

Shares of NYSE:DHI opened at $158.68 on Wednesday. The firm’s 50 day moving average price is $167.06 and its 200 day moving average price is $142.30. The stock has a market cap of $47.31 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.40. D.R. Horton, Inc. has a fifty-two week low of $110.44 and a fifty-two week high of $184.54. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.46. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $8.80 billion. D.R. Horton had a net margin of 11.46% and a return on equity of 15.74%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.10 earnings per share. As a group, equities research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

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.