Qube Research & Technologies Ltd lifted its position in shares of D. R. Horton Inc (NYSE:DHI) by 39.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,364 shares of the construction company’s stock after acquiring an additional 6,936 shares during the quarter. Qube Research & Technologies Ltd’s holdings in D. R. Horton were worth $1,051,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DHI. Sumitomo Life Insurance Co. lifted its stake in D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock valued at $650,000 after buying an additional 243 shares in the last quarter. Boston Private Wealth LLC lifted its stake in D. R. Horton by 2.7% in the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock valued at $465,000 after buying an additional 283 shares in the last quarter. Huntington National Bank lifted its stake in D. R. Horton by 1.1% in the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock valued at $1,164,000 after buying an additional 297 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its stake in shares of D. R. Horton by 0.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after purchasing an additional 300 shares during the period. Finally, LS Investment Advisors LLC lifted its stake in shares of D. R. Horton by 1.5% during the 1st quarter. LS Investment Advisors LLC now owns 21,330 shares of the construction company’s stock worth $883,000 after purchasing an additional 310 shares during the period. 87.90% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael R. Buchanan sold 5,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at approximately $1,481,269.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Bradley S. Anderson sold 7,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on DHI. BTIG Research increased their price target on D. R. Horton to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. SunTrust Banks began coverage on D. R. Horton in a research note on Monday, August 12th. They set a “buy” rating and a $56.00 price target on the stock. 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. Buckingham Research increased their price target on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $45.66 to $37.30 in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $48.42.

Shares of DHI stock traded up $0.65 on Monday, reaching $48.40. 402,854 shares of the stock were exchanged, compared to its average volume of 4,626,442. The stock has a market cap of $17.37 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.03 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $45.34 and a two-hundred day moving average of $43.28. D. R. Horton Inc has a 1-year low of $32.39 and a 1-year high of $48.38.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same period in the prior year, the firm posted $1.18 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict that D. R. Horton Inc will post 4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 annualized dividend and a yield of 1.24%. D. R. Horton’s dividend payout ratio is currently 14.67%.

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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