New Mexico Educational Retirement Board lessened its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,532 shares of the construction company’s stock after selling 700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in D. R. Horton were worth $1,181,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. grew its holdings in D. R. Horton by 326.9% during the 1st quarter. Meeder Asset Management Inc. now owns 1,780 shares of the construction company’s stock valued at $73,000 after buying an additional 1,363 shares in the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in shares of D. R. Horton by 22.2% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,374 shares of the construction company’s stock worth $57,000 after purchasing an additional 250 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of D. R. Horton by 18.9% in the 1st quarter. Hodges Capital Management Inc. now owns 44,653 shares of the construction company’s stock worth $1,848,000 after purchasing an additional 7,090 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of D. R. Horton in the 1st quarter worth approximately $894,000. Finally, Ropes Wealth Advisors LLC purchased a new position in shares of D. R. Horton in the 1st quarter worth approximately $37,000. 84.39% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the company. Buckingham Research lifted their target price on D. R. Horton from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JMP Securities lifted their target price on D. R. Horton from $44.00 to $49.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $49.00 target price (up previously from $46.00) on shares of D. R. Horton in a report on Wednesday, April 17th. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Barclays reiterated a “buy” rating and issued a $41.00 target price on shares of D. R. Horton in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.40.
DHI opened at $46.42 on Monday. The firm has a market capitalization of $17.33 billion, a PE ratio of 11.35, a P/E/G ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.85 and a quick ratio of 0.73. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $46.91.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Friday, January 25th. The construction company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.49 billion. D. R. Horton had a return on equity of 17.51% and a net margin of 9.59%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Research analysts expect that D. R. Horton Inc will post 3.94 earnings per share for the current year.
In other news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $41.28, for a total value of $82,560.00. Following the completion of the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $371,520. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara K. Allen sold 4,000 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $36.79, for a total value of $147,160.00. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at $207,863.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,666 shares of company stock valued at $497,652. Corporate insiders own 6.87% of the company’s stock.
About D. R. Horton
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.
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