Symphony Financial Ltd. Co. Lowers Position in D.R. Horton, Inc. (NYSE:DHI)

Symphony Financial Ltd. Co. decreased its stake in D.R. Horton, Inc. (NYSE:DHI) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,756 shares of the construction company’s stock after selling 1,223 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in D.R. Horton were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in D.R. Horton by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the construction company’s stock worth $1,983,000 after acquiring an additional 100 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in D.R. Horton by 0.8% during the first quarter. NorthCrest Asset Manangement LLC now owns 13,083 shares of the construction company’s stock valued at $1,278,000 after acquiring an additional 100 shares during the period. AdvisorNet Financial Inc lifted its position in shares of D.R. Horton by 26.3% in the first quarter. AdvisorNet Financial Inc now owns 490 shares of the construction company’s stock valued at $48,000 after acquiring an additional 102 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of D.R. Horton by 1.4% in the first quarter. DAVENPORT & Co LLC now owns 7,728 shares of the construction company’s stock worth $755,000 after acquiring an additional 104 shares during the period. Finally, Signaturefd LLC grew its position in shares of D.R. Horton by 1.2% during the first quarter. Signaturefd LLC now owns 8,848 shares of the construction company’s stock worth $864,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 82.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael R. Buchanan sold 1,639 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $127.03, for a total value of $208,202.17. Following the sale, the director now directly owns 470 shares in the company, valued at approximately $59,704.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

DHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on D.R. Horton from $122.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Raymond James upgraded shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Monday, July 24th. UBS Group lifted their target price on D.R. Horton from $134.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Citigroup dropped their price target on D.R. Horton from $148.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, September 11th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of D.R. Horton in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, D.R. Horton presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.19.

D.R. Horton Trading Up 0.4 %

NYSE:DHI traded up $0.44 on Tuesday, reaching $113.63. The company’s stock had a trading volume of 620,373 shares, compared to its average volume of 2,948,769. The company has a quick ratio of 1.41, a current ratio of 6.97 and a debt-to-equity ratio of 0.28. The firm has a market cap of $38.44 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. The stock has a 50 day moving average price of $121.92 and a 200 day moving average price of $111.83. D.R. Horton, Inc. has a 12-month low of $66.01 and a 12-month high of $132.30.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 20th. The construction company reported $3.90 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $4.67 EPS. D.R. Horton’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that D.R. Horton, Inc. will post 13.27 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, August 4th. D.R. Horton’s dividend payout ratio (DPR) is presently 7.11%.

D.R. Horton Profile

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.