Eqis Capital Management Inc. decreased its holdings in D. R. Horton Inc (NYSE:DHI) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,870 shares of the construction company’s stock after selling 303 shares during the quarter. Eqis Capital Management Inc.’s holdings in D. R. Horton were worth $822,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of D. R. Horton by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 3,047,603 shares of the construction company’s stock valued at $128,548,000 after buying an additional 151,759 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of D. R. Horton by 151.9% in the third quarter. Renaissance Technologies LLC now owns 403,138 shares of the construction company’s stock valued at $17,004,000 after buying an additional 243,100 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of D. R. Horton by 31.7% in the third quarter. Pacer Advisors Inc. now owns 20,593 shares of the construction company’s stock valued at $869,000 after buying an additional 4,953 shares in the last quarter. Man Group plc increased its position in shares of D. R. Horton by 16.1% in the third quarter. Man Group plc now owns 119,839 shares of the construction company’s stock valued at $5,054,000 after buying an additional 16,613 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of D. R. Horton in the third quarter valued at $1,286,000. 84.39% of the stock is currently owned by institutional investors.
DHI opened at $46.42 on Monday. The company has a current ratio of 6.85, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. D. R. Horton Inc has a 52 week low of $32.39 and a 52 week high of $46.91. The firm has a market cap of $17.33 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.99 and a beta of 1.24.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $41.28, for a total value of $82,560.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $371,520. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barbara K. Allen sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $36.79, for a total value of $147,160.00. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at $207,863.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,666 shares of company stock worth $497,652. 6.87% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the company. Susquehanna Bancshares restated a “neutral” rating and issued a $49.00 price target (up previously from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. Buckingham Research raised their price target on D. R. Horton from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JMP Securities increased their price objective on D. R. Horton from $44.00 to $49.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Barclays set a $44.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, ValuEngine raised D. R. Horton from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $47.40.
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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 27 states and 81 markets in the United States under the names of D.R.
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