Markel Corp lifted its position in shares of D. R. Horton Inc (NYSE:DHI) by 36.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,407 shares of the construction company’s stock after acquiring an additional 2,250 shares during the quarter. Markel Corp’s holdings in D. R. Horton were worth $355,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in D. R. Horton by 0.5% during the second quarter. BlackRock Inc. now owns 30,114,048 shares of the construction company’s stock worth $1,234,675,000 after buying an additional 161,262 shares in the last quarter. Sanders Capital LLC boosted its holdings in D. R. Horton by 0.7% during the third quarter. Sanders Capital LLC now owns 14,076,890 shares of the construction company’s stock worth $645,407,000 after buying an additional 94,674 shares in the last quarter. FMR LLC boosted its holdings in D. R. Horton by 1.8% during the second quarter. FMR LLC now owns 12,797,426 shares of the construction company’s stock worth $524,694,000 after buying an additional 223,953 shares in the last quarter. Greenhaven Associates Inc. boosted its holdings in D. R. Horton by 6.8% during the second quarter. Greenhaven Associates Inc. now owns 8,721,921 shares of the construction company’s stock worth $357,599,000 after buying an additional 557,592 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in D. R. Horton by 1.5% during the second quarter. Northern Trust Corp now owns 4,342,827 shares of the construction company’s stock worth $178,056,000 after buying an additional 65,580 shares in the last quarter. Institutional investors and hedge funds own 84.11% of the company’s stock.
NYSE:DHI opened at $37.36 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $13.58 billion, a PE ratio of 13.64, a PEG ratio of 0.80 and a beta of 1.26. D. R. Horton Inc has a 1-year low of $34.37 and a 1-year high of $53.32.
A number of analysts recently commented on the stock. ValuEngine downgraded shares of D. R. Horton from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Barclays set a $51.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, September 14th. Evercore ISI raised shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. JMP Securities reduced their price target on shares of D. R. Horton from $56.00 to $52.00 and set a “market outperform” rating on the stock in a report on Friday, July 27th. Finally, Mizuho set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.93.
In other news, Director Michael W. Hewatt sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $495,110. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.74% of the company’s stock.
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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 America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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