Pacer Advisors Inc. grew its stake in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 1,305.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466,493 shares of the construction company’s stock after acquiring an additional 1,362,159 shares during the quarter. Pacer Advisors Inc. owned about 0.43% of D.R. Horton worth $178,458,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Clear Street Markets LLC purchased a new position in shares of D.R. Horton during the 4th quarter valued at about $28,000. Fairfield Bush & CO. bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $28,000. WealthPLAN Partners LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $31,000. Sugarloaf Wealth Management LLC bought a new position in shares of D.R. Horton during the 1st quarter valued at approximately $42,000. Finally, Resurgent Financial Advisors LLC bought a new position in D.R. Horton in the 4th quarter valued at $46,000. 82.12% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on DHI shares. JPMorgan Chase & Co. upped their target price on D.R. Horton from $122.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Wedbush restated a “neutral” rating and issued a $115.00 price objective on shares of D.R. Horton in a research note on Wednesday, September 13th. Deutsche Bank Aktiengesellschaft started coverage on D.R. Horton in a research note on Wednesday, May 31st. They issued a “buy” rating and a $150.00 price objective for the company. Raymond James upgraded D.R. Horton from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Monday, July 24th. Finally, JMP Securities boosted their price objective on D.R. Horton from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.19.
Insiders Place Their Bets
In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $127.03, for a total transaction of $208,202.17. Following the completion of the sale, the director now directly owns 470 shares of the company’s stock, valued at approximately $59,704.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.
D.R. Horton Trading Up 0.0 %
Shares of DHI stock traded up $0.03 on Tuesday, hitting $113.22. The stock had a trading volume of 574,407 shares, compared to its average volume of 2,948,529. The firm has a market capitalization of $38.30 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.46 and a beta of 1.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.97 and a quick ratio of 1.41. D.R. Horton, Inc. has a 1 year low of $66.01 and a 1 year high of $132.30. The company’s 50 day moving average price is $121.92 and its 200-day moving average price is $111.83.
D.R. Horton (NYSE:DHI – Get Free Report) last announced its earnings results on Thursday, July 20th. The construction company reported $3.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $1.08. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The firm had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the firm earned $4.67 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that D.R. Horton, Inc. will post 13.27 earnings per share for the current year.
D.R. Horton Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. D.R. Horton’s payout ratio is 7.11%.
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 106 markets across 33 states under the names of D.R.
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