D.R. Horton Inc. (DHI) Shares Sold by Retirement Systems of Alabama
Retirement Systems of Alabama decreased its position in D.R. Horton Inc. (NYSE:DHI) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 168,299 shares of the company’s stock after selling 1,510 shares during the period. Retirement Systems of Alabama’s holdings in D.R. Horton were worth $5,298,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in DHI. Invictus RG increased its position in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares in the last quarter. Creative Planning increased its position in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares in the last quarter. Raymond James Trust N.A. bought a new position in D.R. Horton during the second quarter worth $231,000. BKD Wealth Advisors LLC increased its position in D.R. Horton by 2.3% in the second quarter. BKD Wealth Advisors LLC now owns 7,389 shares of the company’s stock worth $233,000 after buying an additional 167 shares in the last quarter. Finally, AXA increased its position in D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.
D.R. Horton Inc. (NYSE:DHI) traded down 2.00% on Thursday, hitting $28.88. 4,278,740 shares of the stock traded hands. D.R. Horton Inc. has a 12-month low of $22.97 and a 12-month high of $34.56. The stock has a 50-day moving average of $30.66 and a 200-day moving average of $31.20. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 12.84 and a beta of 1.30.
D.R. Horton (NYSE:DHI) last posted its earnings results on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. Analysts forecast that D.R. Horton Inc. will post $2.38 earnings per share for the current year.
DHI has been the topic of a number of recent analyst reports. JMP Securities reaffirmed a “buy” rating and set a $36.00 price target on shares of D.R. Horton in a research note on Wednesday, June 15th. Argus started coverage on shares of D.R. Horton in a research note on Friday, June 17th. They issued a “buy” rating and a $39.00 target price on the stock. Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a research note on Tuesday, June 28th. Royal Bank Of Canada raised their target price on shares of D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, July 18th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. D.R. Horton currently has an average rating of “Hold” and an average price target of $32.28.
In other news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $31.87, for a total value of $159,350.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $159,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael R. Buchanan sold 12,000 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $33.80, for a total transaction of $405,600.00. Following the completion of the sale, the director now owns 12,940 shares of the company’s stock, valued at $437,372. The disclosure for this sale can be found here. 7.17% of the stock is currently owned by company insiders.
About D.R. Horton
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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