Simplicity Solutions LLC raised its position in shares of D.R. Horton, Inc. (NYSE:DHI – Free Report) by 99.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,672 shares of the construction company’s stock after buying an additional 3,830 shares during the period. Simplicity Solutions LLC’s holdings in D.R. Horton were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Fairfield Bush & CO. purchased a new position in D.R. Horton in the first quarter valued at $28,000. American Century Companies Inc. boosted its holdings in D.R. Horton by 13.9% in the first quarter. American Century Companies Inc. now owns 22,684 shares of the construction company’s stock valued at $1,690,000 after purchasing an additional 2,771 shares during the period. Panagora Asset Management Inc. raised its stake in D.R. Horton by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 10,075 shares of the construction company’s stock valued at $751,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. raised its stake in D.R. Horton by 21.1% in the first quarter. Sei Investments Co. now owns 300,024 shares of the construction company’s stock valued at $22,425,000 after buying an additional 52,320 shares in the last quarter. Finally, Prudential PLC acquired a new stake in D.R. Horton in the first quarter valued at $560,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DHI. Royal Bank of Canada raised their price target on D.R. Horton from $76.00 to $98.00 and gave the company an “underperform” rating in a research note on Friday, April 21st. Wolfe Research cut D.R. Horton from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 22nd. They noted that the move was a valuation call. Barclays raised their price target on D.R. Horton from $131.00 to $138.00 in a research note on Wednesday, May 24th. Argus raised their price target on D.R. Horton from $120.00 to $135.00 in a research note on Friday, June 23rd. Finally, Credit Suisse Group lifted their target price on D.R. Horton from $100.00 to $120.00 in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $118.34.
D.R. Horton Stock Performance
D.R. Horton (NYSE:DHI – Get Free Report) last announced its quarterly earnings data on Thursday, April 20th. The construction company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.83. D.R. Horton had a return on equity of 25.94% and a net margin of 15.39%. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $6.48 billion. During the same quarter in the previous year, the company earned $4.03 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities research analysts forecast that D.R. Horton, Inc. will post 11.18 EPS for the current year.
Insider Buying and Selling at D.R. Horton
In other D.R. Horton news, CFO Bill W. Wheat sold 32,000 shares of D.R. Horton stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the sale, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Bill W. Wheat sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total transaction of $3,769,920.00. Following the sale, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Paul J. Romanowski sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $112.16, for a total value of $4,486,400.00. Following the sale, the chief operating officer now directly owns 84,268 shares in the company, valued at approximately $9,451,498.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,000 shares of company stock valued at $14,207,660. 0.61% of the stock is owned by corporate insiders.
About D.R. Horton
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 106 markets across 33 states under the names of D.R.
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