New Century Advisors LLC Has $146,000 Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

New Century Advisors LLC decreased its holdings in shares of D.R. Horton, Inc. (NYSE:DHIGet Rating) by 83.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,200 shares of the construction company’s stock after selling 10,980 shares during the quarter. New Century Advisors LLC’s holdings in D.R. Horton were worth $146,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DHI. Capital World Investors lifted its holdings in shares of D.R. Horton by 176.2% during the first quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock worth $1,327,740,000 after buying an additional 11,369,033 shares in the last quarter. Norges Bank acquired a new stake in shares of D.R. Horton during the fourth quarter worth $359,612,000. Parnassus Investments LLC acquired a new stake in shares of D.R. Horton during the first quarter worth $162,667,000. Principal Financial Group Inc. lifted its holdings in shares of D.R. Horton by 37.7% during the first quarter. Principal Financial Group Inc. now owns 3,680,086 shares of the construction company’s stock worth $274,203,000 after buying an additional 1,006,745 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock worth $355,538,000 after buying an additional 694,155 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

D.R. Horton Trading Down 0.5 %

Shares of NYSE:DHI traded down $0.33 during midday trading on Friday, hitting $70.62. 164,149 shares of the stock were exchanged, compared to its average volume of 2,815,097. The stock has a market capitalization of $24.54 billion, a price-to-earnings ratio of 4.54, a P/E/G ratio of 0.46 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 5.71. The business’s 50-day moving average price is $74.22 and its 200 day moving average price is $73.16. D.R. Horton, Inc. has a 12 month low of $59.25 and a 12 month high of $110.45.

D.R. Horton (NYSE:DHIGet Rating) last released its quarterly earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.18. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.91 billion. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.06 earnings per share. Analysts predict that D.R. Horton, Inc. will post 17.08 earnings per share for the current year.

D.R. Horton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 4th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Wednesday, August 3rd. D.R. Horton’s dividend payout ratio is currently 5.78%.

Insider Buying and Selling

In related news, VP Aron M. Odom sold 5,000 shares of D.R. Horton stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the transaction, the vice president now directly owns 3,024 shares of the company’s stock, valued at $235,025.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other D.R. Horton news, VP Aron M. Odom sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the transaction, the vice president now directly owns 3,024 shares of the company’s stock, valued at $235,025.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael R. Buchanan sold 2,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $71.50, for a total value of $154,940.50. Following the completion of the transaction, the director now directly owns 3,378 shares in the company, valued at $241,527. The disclosure for this sale can be found here. Insiders have sold a total of 11,167 shares of company stock valued at $851,821 over the last ninety days. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their target price on D.R. Horton from $73.00 to $90.00 in a report on Friday, July 22nd. JMP Securities dropped their price target on D.R. Horton from $120.00 to $95.00 and set a “market outperform” rating for the company in a research note on Friday, July 22nd. JPMorgan Chase & Co. dropped their price target on D.R. Horton from $82.50 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Credit Suisse Group dropped their price target on D.R. Horton to $85.00 in a research note on Friday, July 22nd. Finally, The Goldman Sachs Group dropped their price target on D.R. Horton from $89.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.14.

About D.R. Horton

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D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.

Further Reading

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

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