D. R. Horton Inc (NYSE:DHI) Stock Position Trimmed by Account Management LLC

Account Management LLC lessened its holdings in D. R. Horton Inc (NYSE:DHI) by 50.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,803 shares of the construction company’s stock after selling 46,722 shares during the quarter. D. R. Horton accounts for about 2.8% of Account Management LLC’s holdings, making the stock its 9th biggest position. Account Management LLC’s holdings in D. R. Horton were worth $2,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Egerton Capital UK LLP purchased a new stake in shares of D. R. Horton during the 2nd quarter worth approximately $387,479,000. Nuveen Asset Management LLC boosted its stake in shares of D. R. Horton by 1,574.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,680,685 shares of the construction company’s stock worth $72,488,000 after acquiring an additional 1,580,298 shares in the last quarter. Sanders Capital LLC boosted its stake in shares of D. R. Horton by 7.4% during the 2nd quarter. Sanders Capital LLC now owns 22,278,637 shares of the construction company’s stock worth $1,048,294,000 after acquiring an additional 1,540,500 shares in the last quarter. Invesco Ltd. boosted its stake in shares of D. R. Horton by 37.8% during the 2nd quarter. Invesco Ltd. now owns 4,056,260 shares of the construction company’s stock worth $174,946,000 after acquiring an additional 1,111,745 shares in the last quarter. Finally, Argent Capital Management LLC purchased a new stake in shares of D. R. Horton during the 2nd quarter worth approximately $42,949,000. 86.20% of the stock is currently owned by institutional investors.

Shares of D. R. Horton stock opened at $53.34 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. D. R. Horton Inc has a 1 year low of $32.39 and a 1 year high of $54.41. The company has a market capitalization of $19.71 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.06 and a beta of 1.04. The business has a 50 day moving average price of $51.67 and a 200 day moving average price of $46.91.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the previous year, the firm posted $1.18 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that D. R. Horton Inc will post 4.18 EPS for the current fiscal year.

DHI has been the topic of several research analyst reports. JMP Securities boosted their price target on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 17th. Royal Bank of Canada set a $46.00 price target on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. ValuEngine downgraded D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. SunTrust Banks assumed coverage on D. R. Horton in a research report on Monday, August 12th. They set a “buy” rating and a $56.00 price objective for the company. Finally, BTIG Research restated a “buy” rating on shares of D. R. Horton in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.23.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael R. Buchanan sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the director now owns 32,076 shares of the company’s stock, valued at $1,481,269.68. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $937,350 over the last quarter. 6.87% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for D. R. Horton (NYSE:DHI)

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