Sumitomo Mitsui Trust Holdings Inc.trimmed its holdings in shares of D.R.Horton Inc (NYSE:DHI) by 27.6% in the 2nd the company in its most recent disclosure with the Securities & Exchange Commission.The firm owned 1,577,294 shares of the construction company’s stock after selling 601,260 shares during the period.Sumitomo Mitsui Trust Holdings Inc.owned about 0.43% of D.R.
Horton worth $87,461,000 at the end of the most recent reporting period.Other hedge funds and other institutional investors have also bought and sold shares of the company.Financial Management Professionals Inc.purchased a new stake in D.
R.Horton during the second quarter valued at about $29,000.EPG Wealth Management LLC boosted its position in D.
R.Horton by 652.4% during the first quarter.EPG Wealth Management LLC now owns 790 shares of the construction company’s stock valued at $27,000 after buying an additional 685 shares during the period.Allworth Financial LP purchased a new stake in D.R.Horton during the second quarter valued at about $45,000.
TRUE Private Wealth Advisors boosted its position in D.R.Horton by 94.0% during the first quarter.
TRUE Private Wealth Advisors now owns 836 shares of the construction company’s stock valued at $28,000 after buying an additional 405 shares during the period.Finally, Wealth Quarterback LLC purchased a new stake in D.R.Horton during the fourth quarter valued at about $45,000.
Institutional investors and hedge funds own 83.14% of the company’s stock.Several equities analysts have recently commented on the stock.Royal Bank of Canada upped their price objective on shares of D.R.
Horton from $54.00 to $65.00 and gave the company a “sector perform” rating in a research note on Wednesday.Raymond James downgraded shares of D.R.Horton from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th.They noted that the move was a valuation call.Wells Fargo & Co upped their price objective on shares of D.R.Horton from $43.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th.
Cfra raised shares of D.R.Horton from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from $51.00 to $55.00 in a research note on Wednesday, May 13th.Finally, TheStreet raised shares of D.
R.Horton from a “c+” rating to a “b-” rating in a research note on Wednesday, May 20th.Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock.The company currently has a consensus rating of “Buy” and a consensus target price of $65.83.
DHI stock opened at $66.05 on Friday.D.R.Horton Inc has a 1 year low of $25.51 and a 1 year high of $70.29.The company has a market cap of $24.21 billion, a P/E ratio of 12.43, a PEG ratio of 1.48 and a beta of 1.62.The firm has a 50-day moving average of $57.94 and a 200 day moving average of $51.63.
The company has a debt-to-equity ratio of 0.38, a current ratio of 6.82 and a quick ratio of 1.40.D.
R.Horton (NYSE:DHI) last released its quarterly earnings results on Tuesday, July 28th.The construction company reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.42.The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $4.99 billion.D.R.Horton had a net margin of 10.82% and a return on equity of 18.53%.
D.R.Horton’s revenue was up 9.9% on a year-over-year basis.
During the same period in the prior year, the firm earned $1.26 earnings per share.On average, equities research analysts expect that D.R.Horton Inc will post 4.75 earnings per share for the current fiscal year.The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th.Shareholders of record on Wednesday, August 12th will be issued a $0.175 dividend.
This represents a $0.70 dividend on an annualized basis and a yield of 1.06%.The ex-dividend date of this dividend is Tuesday, August 11th.D.R.Horton’s dividend payout ratio (DPR) is presently 16.32%.In other D.R.Horton news, Director Michael W.
Hewatt sold 1,000 shares of the company’s dated Thursday, June 25th.The shares were $53.45, for a total value of $53,450.00.Following the sale, the director now owns 1,000 shares in the company, valued at $53,450.The sale was disclosed in a filing with the SEC, which is available through the SEC website .
6.96% of the stock is currently owned by corporate insiders.D.R.Horton 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.Recommended Story: What is required to own or exchange cryptocurrency? Want to see what other hedge funds are holding DHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for D.R.
Horton Inc (NYSE:DHI)..