Keybank National Association OH lowered its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,847 shares of the construction company’s stock after selling 7,310 shares during the period. Keybank National Association OH’s holdings in D.R. Horton were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $34,000. Anderson Fisher LLC bought a new stake in shares of D.R. Horton during the third quarter valued at approximately $35,000. Financial Management Professionals Inc. bought a new stake in D.R. Horton in the second quarter worth $29,000. FIL Ltd increased its position in D.R. Horton by 248.2% in the second quarter. FIL Ltd now owns 585 shares of the construction company’s stock worth $32,000 after purchasing an additional 417 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new stake in D.R. Horton in the third quarter worth $45,000. Hedge funds and other institutional investors own 82.78% of the company’s stock.
Several equities research analysts recently weighed in on DHI shares. Barclays boosted their price target on shares of D.R. Horton from $73.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, September 17th. Wedbush cut shares of D.R. Horton from an “outperform” rating to a “neutral” rating in a research report on Friday, August 21st. They noted that the move was a valuation call. ValuEngine upgraded shares of D.R. Horton from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Atlantic Securities started coverage on shares of D.R. Horton in a research report on Monday. They issued an “overweight” rating and a $90.00 price target on the stock. Finally, Seaport Global Securities boosted their price target on shares of D.R. Horton from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $72.00.
In other news, VP Aron M. Odom sold 4,800 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $71.45, for a total transaction of $342,960.00. Following the completion of the sale, the vice president now directly owns 7,819 shares of the company’s stock, valued at $558,667.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Murray sold 54,400 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $72.38, for a total transaction of $3,937,472.00. Following the sale, the chief operating officer now directly owns 139,939 shares of the company’s stock, valued at $10,128,784.82. The disclosure for this sale can be found here. 6.96% of the stock is currently owned by insiders.
Shares of DHI opened at $69.46 on Wednesday. The firm has a market capitalization of $25.26 billion, a P/E ratio of 12.56, a P/E/G ratio of 0.68 and a beta of 1.66. D.R. Horton, Inc. has a 12-month low of $25.51 and a 12-month high of $81.21. The company has a current ratio of 6.82, a quick ratio of 1.65 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $73.93 and a 200-day moving average price of $62.43.
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 20 states and 51 markets in the United States under the names of D.R.
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