State of Alaska Department of Revenue trimmed its holdings in D. R. Horton Inc (NYSE:DHI) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 80,000 shares of the construction company’s stock after selling 3,287 shares during the period. State of Alaska Department of Revenue’s holdings in D. R. Horton were worth $3,308,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of DHI. PRW Wealth Management LLC purchased a new position in shares of D. R. Horton during the fourth quarter worth $30,000. Sage Capital Advisors llc purchased a new position in shares of D. R. Horton during the fourth quarter worth $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of D. R. Horton during the fourth quarter worth $33,000. JOYN Advisors Inc. boosted its position in shares of D. R. Horton by 37.0% during the fourth quarter. JOYN Advisors Inc. now owns 993 shares of the construction company’s stock worth $34,000 after buying an additional 268 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of D. R. Horton by 125.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,107 shares of the construction company’s stock worth $38,000 after buying an additional 615 shares during the period. Institutional investors own 84.32% of the company’s stock.
Shares of NYSE DHI opened at $45.35 on Monday. The firm has a market capitalization of $16.75 billion, a PE ratio of 11.09, a P/E/G ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 6.85. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $46.91.
In other D. R. Horton news, Director Michael W. Hewatt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $40.20, for a total value of $120,600.00. Following the sale, the director now directly owns 9,000 shares in the company, valued at $361,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 1,410 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $40.47, for a total value of $57,062.70. Following the completion of the sale, the director now owns 7,060 shares in the company, valued at $285,718.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,666 shares of company stock worth $497,652. 6.87% of the stock is owned by insiders.
DHI has been the subject of several research analyst reports. Mizuho upgraded D. R. Horton from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $45.00 in a research report on Wednesday, January 23rd. Credit Suisse Group set a $46.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Friday, January 25th. Buckingham Research initiated coverage on D. R. Horton in a research note on Friday, January 11th. They issued a “buy” rating on the stock. Raymond James upgraded D. R. Horton to a “buy” rating and set a $39.00 price objective on the stock in a research note on Thursday, December 20th. Finally, JMP Securities set a $44.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. D. R. Horton currently has an average rating of “Buy” and an average target price of $46.89.
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D. R. Horton Company 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.
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