Denali Advisors LLC Acquires New Stake in D.R. Horton, Inc. $DHI

Denali Advisors LLC acquired a new stake in shares of D.R. Horton, Inc. (NYSE:DHI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,009 shares of the construction company’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Mutual Advisors LLC increased its position in D.R. Horton by 4.8% in the second quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock worth $225,000 after buying an additional 80 shares in the last quarter. Horizon Investments LLC increased its position in D.R. Horton by 1.5% in the first quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock worth $708,000 after buying an additional 83 shares in the last quarter. Franchise Capital Ltd increased its position in D.R. Horton by 15.7% in the second quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock worth $81,000 after buying an additional 85 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in D.R. Horton by 2.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock worth $470,000 after buying an additional 98 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its position in D.R. Horton by 4.2% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 2,529 shares of the construction company’s stock worth $322,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

DHI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 23rd. Finally, Bank of America dropped their price objective on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $156.54.

Insider Activity

In other news, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $182.21, for a total value of $5,466,300.00. Following the completion of the sale, the chairman directly owned 815,672 shares of the company’s stock, valued at $148,623,595.12. This trade represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director directly owned 1,193 shares of the company’s stock, valued at $215,622.82. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,376 shares of company stock valued at $5,898,848 in the last ninety days. Insiders own 0.54% of the company’s stock.

D.R. Horton Price Performance

Shares of D.R. Horton stock opened at $158.11 on Thursday. The stock has a 50 day moving average of $166.91 and a 200 day moving average of $142.41. D.R. Horton, Inc. has a 12 month low of $110.44 and a 12 month high of $184.54. The firm has a market cap of $47.14 billion, a PE ratio of 12.68, a PEG ratio of 3.29 and a beta of 1.40. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The company had revenue of $9.23 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the company earned $4.10 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. On average, research analysts expect that D.R. Horton, Inc. will post 13.04 EPS for the current fiscal year.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.