Intersect Capital LLC Makes New Investment in D. R. Horton Inc (NYSE:DHI)

Intersect Capital LLC acquired a new position in shares of D. R. Horton Inc (NYSE:DHI) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,459 shares of the construction company’s stock, valued at approximately $235,000.

Several other large investors have also added to or reduced their stakes in the company. Outlook Wealth Advisors LLC boosted its position in shares of D. R. Horton by 2.6% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 8,390 shares of the construction company’s stock worth $442,000 after acquiring an additional 212 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of D. R. Horton by 1.6% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after acquiring an additional 243 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of D. R. Horton by 0.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 27,450 shares of the construction company’s stock worth $1,447,000 after acquiring an additional 249 shares in the last quarter. Boston Private Wealth LLC boosted its position in shares of D. R. Horton by 2.7% during the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after acquiring an additional 283 shares in the last quarter. Finally, Securian Asset Management Inc boosted its position in shares of D. R. Horton by 0.8% during the 2nd quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock worth $1,502,000 after acquiring an additional 287 shares in the last quarter. 86.78% of the stock is owned by institutional investors and hedge funds.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total transaction of $346,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.87% of the stock is currently owned by company insiders.

D. R. Horton stock traded up $1.74 during mid-day trading on Tuesday, reaching $54.39. 7,105,268 shares of the company were exchanged, compared to its average volume of 4,357,150. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $54.42. The firm’s 50-day simple moving average is $52.48 and its two-hundred day simple moving average is $47.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The firm has a market cap of $18.92 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.

D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, November 12th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.10. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that D. R. Horton Inc will post 4.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.29%. This is a boost from D. R. Horton’s previous quarterly dividend of $0.15. D. R. Horton’s dividend payout ratio (DPR) is presently 14.67%.

Several research analysts have recently issued reports on the company. Royal Bank of Canada set a $46.00 price objective on D. R. Horton and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Barclays upped their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JMP Securities upped their target price on D. R. Horton from $49.00 to $52.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 17th. Buckingham Research upped their target price on D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Seaport Global Securities began coverage on D. R. Horton in a research report on Friday, August 23rd. They issued a “buy” rating and a $59.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.23.

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

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