State of Alaska Department of Revenue increased its position in D. R. Horton Inc (NYSE:DHI) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,284 shares of the construction company’s stock after purchasing an additional 11,284 shares during the period. State of Alaska Department of Revenue’s holdings in D. R. Horton were worth $3,935,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Focused Wealth Management Inc bought a new position in D. R. Horton in the 1st quarter worth about $25,000. Front Row Advisors LLC boosted its stake in D. R. Horton by 873.5% in the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock worth $33,000 after purchasing an additional 725 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in D. R. Horton in the 1st quarter worth about $37,000. Parallel Advisors LLC boosted its stake in D. R. Horton by 64.5% in the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after purchasing an additional 354 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in D. R. Horton by 268.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.
NYSE:DHI traded up $0.05 during mid-day trading on Friday, reaching $47.10. The company’s stock had a trading volume of 233,519 shares, compared to its average volume of 3,072,201. D. R. Horton Inc has a 12-month low of $32.39 and a 12-month high of $48.02. The firm’s fifty day simple moving average is $44.63. The company has a current ratio of 6.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $17.36 billion, a PE ratio of 11.50, a P/E/G ratio of 1.08 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, August 9th. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.
A number of equities analysts recently issued reports on the stock. KeyCorp upped their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $49.00 price target (up previously from $46.00) on shares of D. R. Horton in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $45.66 to $37.30 in a research note on Monday, April 22nd. Buckingham Research boosted their target price on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their target price on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $48.17.
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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