Park National Corp OH lifted its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 12.9% in the second quarter, HoldingsChannel reports. The firm owned 146,269 shares of the construction company’s stock after acquiring an additional 16,664 shares during the period. Park National Corp OH’s holdings in D. R. Horton were worth $6,308,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DHI. Focused Wealth Management Inc purchased a new stake in D. R. Horton in the 1st quarter worth approximately $25,000. Front Row Advisors LLC grew its stake in shares of D. R. Horton by 873.5% during the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after buying an additional 725 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in shares of D. R. Horton during the 1st quarter valued at $37,000. Parallel Advisors LLC grew its stake in shares of D. R. Horton by 64.5% during the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after buying an additional 354 shares during the period. Finally, Valley National Advisers Inc. grew its stake in shares of D. R. Horton by 1,600.0% during the 1st quarter. Valley National Advisers Inc. now owns 1,190 shares of the construction company’s stock valued at $49,000 after buying an additional 1,120 shares during the period. 87.02% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DHI traded down $1.15 during midday trading on Tuesday, hitting $43.61. 5,318,973 shares of the company’s stock traded hands, compared to its average volume of 5,146,401. The company has a current ratio of 7.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $16.55 billion, a P/E ratio of 10.66, a PEG ratio of 1.05 and a beta of 1.13. The firm has a fifty day moving average price of $44.62. D. R. Horton Inc has a twelve month low of $32.39 and a twelve month high of $47.02.
D. R. Horton (NYSE:DHI) last posted its earnings results on Thursday, April 25th. The construction company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.04 billion. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities research analysts forecast that D. R. Horton Inc will post 3.91 EPS for the current fiscal year.
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $45.66 to $37.30 in a research note on Monday, April 22nd. JMP Securities set a $79.00 price objective on shares of LGI Homes and gave the company a “buy” rating in a research note on Tuesday, April 9th. Barclays set a $46.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, April 26th. Susquehanna Bancshares assumed coverage on shares of Dow Chemical in a research note on Wednesday, April 17th. They set a “positive” rating for the company. Finally, KeyCorp lowered their price objective on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.23.
D. R. Horton Company Profile
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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