TFB Advisors LLC Has $552,000 Holdings in D.R. Horton, Inc. $DHI

TFB Advisors LLC boosted its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,285 shares of the construction company’s stock after acquiring an additional 698 shares during the quarter. TFB Advisors LLC’s holdings in D.R. Horton were worth $552,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of D.R. Horton by 652.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock valued at $252,477,000 after buying an additional 1,718,094 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 4,630.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock valued at $214,984,000 after buying an additional 1,655,309 shares during the last quarter. Amundi lifted its holdings in shares of D.R. Horton by 60.2% during the 1st quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after buying an additional 817,998 shares during the last quarter. Nuveen LLC acquired a new stake in shares of D.R. Horton during the 1st quarter valued at about $98,382,000. Finally, Vanguard Group Inc. lifted its holdings in shares of D.R. Horton by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock valued at $4,279,706,000 after buying an additional 642,642 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

D.R. Horton Stock Down 0.3%

Shares of DHI stock opened at $158.11 on Thursday. The stock’s 50 day simple moving average is $166.91 and its 200 day simple moving average is $142.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 7.06. D.R. Horton, Inc. has a twelve month low of $110.44 and a twelve month high of $184.54. The company has a market capitalization of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.29 and a beta of 1.40.

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

Analyst Upgrades and Downgrades

DHI has been the subject of several research reports. UBS Group lifted their price target on D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Citigroup lifted their price target on D.R. Horton from $162.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Wedbush raised their price objective on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $156.54.

Insiders Place Their Bets

In other D.R. Horton news, SVP Aron M. Odom sold 1,376 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $1,181,631. The trade was a 17.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the transaction, the director directly owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% 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 in the last three months. Company insiders own 0.54% of the company’s stock.

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 118 markets across 33 states under the names of D.R.