Huntington National Bank Acquires 9,509 Shares of D.R. Horton Inc. (DHI)
Huntington National Bank increased its position in D.R. Horton Inc. (NYSE:DHI) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,366 shares of the company’s stock after buying an additional 9,509 shares during the period. Huntington National Bank’s holdings in D.R. Horton were worth $1,051,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in DHI. Redwood Investments LLC acquired a new stake in shares of D.R. Horton during the second quarter valued at about $9,880,000. CG Asset Management LLC raised its stake in shares of D.R. Horton by 2.9% in the second quarter. CG Asset Management LLC now owns 104,120 shares of the company’s stock valued at $3,278,000 after buying an additional 2,900 shares during the period. Capital Fund Management S.A. raised its stake in shares of D.R. Horton by 408.0% in the second quarter. Capital Fund Management S.A. now owns 377,816 shares of the company’s stock valued at $11,894,000 after buying an additional 303,439 shares during the period. First Midwest Bank Trust Division raised its stake in shares of D.R. Horton by 4.0% in the second quarter. First Midwest Bank Trust Division now owns 82,207 shares of the company’s stock valued at $2,588,000 after buying an additional 3,181 shares during the period. Finally, Underhill Investment Management LLC acquired a new stake in shares of D.R. Horton during the second quarter valued at about $10,588,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of D.R. Horton Inc. (NYSE:DHI) traded down 0.28% during mid-day trading on Monday, hitting $28.80. The stock had a trading volume of 4,226,897 shares. The firm has a market capitalization of $10.72 billion, a PE ratio of 12.81 and a beta of 1.30. The stock’s 50-day moving average is $30.35 and its 200-day moving average is $31.17. D.R. Horton Inc. has a 1-year low of $22.97 and a 1-year high of $34.56.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter last year, the business earned $0.60 earnings per share. D.R. Horton’s revenue was up 12.4% on a year-over-year basis. Equities analysts expect that D.R. Horton Inc. will post $2.38 earnings per share for the current year.
Several brokerages have issued reports on DHI. Bank of America Corp. lowered shares of D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Friday, July 22nd. RBC Capital Markets reissued an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a report on Tuesday, July 19th. Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a report on Tuesday, July 12th. Royal Bank Of Canada upped their target price on shares of D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, July 18th. Finally, Argus reaffirmed a “buy” rating and issued a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.17.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now owns 8,983 shares in the company, valued at $304,972.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of D.R. Horton stock in a transaction dated 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 transaction, the director now owns 5,000 shares in the company, valued at approximately $159,350. The disclosure for this sale can be found here. 7.17% of the stock is owned by corporate 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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