Huntington National Bank lessened its stake in D. R. Horton Inc (NYSE:DHI) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,888 shares of the construction company’s stock after selling 4,098 shares during the quarter. Huntington National Bank’s holdings in D. R. Horton were worth $1,207,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC lifted its holdings in shares of D. R. Horton by 97.7% during the third quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock worth $36,000 after buying an additional 341 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of D. R. Horton in the third quarter worth $39,000. Cornerstone Advisors Inc. increased its position in shares of D. R. Horton by 268.2% in the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after purchasing an additional 684 shares during the period. Ibex Wealth Advisors bought a new position in shares of D. R. Horton in the second quarter worth $41,000. Finally, Motco bought a new position in shares of D. R. Horton in the second quarter worth $41,000. 86.54% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Seaport Global Securities assumed coverage on D. R. Horton in a research report on Friday, August 23rd. They issued a “buy” rating and a $59.00 price target on the stock. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Barclays lifted their target price on D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. SunTrust Banks began coverage on D. R. Horton in a research report on Monday, August 12th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the company a “hold” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. D. R. Horton has a consensus rating of “Buy” and an average target price of $48.23.
In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bradley S. Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is owned by insiders.
Shares of NYSE:DHI traded up $0.32 during midday trading on Friday, hitting $51.35. 186,555 shares of the stock were exchanged, compared to its average volume of 4,297,343. The business’s 50-day moving average price is $52.50 and its 200 day moving average price is $47.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.00 and a beta of 1.01. D. R. Horton Inc has a 12 month low of $32.39 and a 12 month high of $54.42.
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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