PNC Financial Services Group Inc. boosted its position in shares of D. R. Horton Inc (NYSE:DHI) by 108.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,774 shares of the construction company’s stock after acquiring an additional 155,387 shares during the quarter. PNC Financial Services Group Inc.’s holdings in D. R. Horton were worth $10,158,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. EPG Wealth Management LLC boosted its holdings in D. R. Horton by 652.4% during the 1st quarter. EPG Wealth Management LLC now owns 790 shares of the construction company’s stock valued at $27,000 after acquiring an additional 685 shares during the period. TRUE Private Wealth Advisors boosted its holdings in D. R. Horton by 94.0% during the 1st quarter. TRUE Private Wealth Advisors now owns 836 shares of the construction company’s stock valued at $28,000 after acquiring an additional 405 shares during the period. Denali Advisors LLC purchased a new position in D. R. Horton during the 4th quarter valued at about $32,000. CWM LLC boosted its holdings in D. R. Horton by 25.1% during the 1st quarter. CWM LLC now owns 1,061 shares of the construction company’s stock valued at $36,000 after acquiring an additional 213 shares during the period. Finally, Engrave Wealth Partners LLC purchased a new position in D. R. Horton during the 4th quarter valued at about $42,000. Institutional investors own 84.97% of the company’s stock.
A number of research firms have issued reports on DHI. Citigroup increased their price target on D. R. Horton from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. SunTrust Banks lowered D. R. Horton from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $58.00 in a research report on Wednesday, February 26th. Susquehanna Bancshares raised D. R. Horton from a “neutral” rating to a “positive” rating and reduced their price target for the company from $62.00 to $48.00 in a research report on Monday, April 13th. TheStreet raised D. R. Horton from a “c+” rating to a “b-” rating in a research report on Wednesday. Finally, Barclays increased their price target on D. R. Horton from $48.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $52.82.
D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, April 28th. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.18. The business had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.48 billion. D. R. Horton had a return on equity of 17.70% and a net margin of 10.26%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. On average, sell-side analysts forecast that D. R. Horton Inc will post 4.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.70 dividend on an annualized basis and a yield of 1.32%. D. R. Horton’s dividend payout ratio is presently 16.32%.
In related news, Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $54.57, for a total transaction of $51,295.80. Following the transaction, the director now owns 6,590 shares in the company, valued at approximately $359,616.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael W. Hewatt sold 1,833 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $50.81, for a total value of $93,134.73. The disclosure for this sale can be found here. Insiders have sold a total of 3,243 shares of company stock worth $167,174 in the last 90 days. 6.96% of the stock is currently owned by company 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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