D.R. Horton, Inc. $DHI Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC decreased its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,610 shares of the construction company’s stock after selling 230 shares during the period. Ingalls & Snyder LLC’s holdings in D.R. Horton were worth $594,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DHI. Olde Wealth Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $26,000. Bayforest Capital Ltd grew its stake in shares of D.R. Horton by 340.4% in the 1st quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock worth $32,000 after purchasing an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $34,000. Ransom Advisory Ltd acquired a new position in shares of D.R. Horton in the 1st quarter worth approximately $51,000. Finally, Adirondack Trust Co. grew its stake in shares of D.R. Horton by 53.2% in the 2nd quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

D.R. Horton Stock Performance

Shares of DHI opened at $158.14 on Monday. D.R. Horton, Inc. has a one year low of $110.44 and a one year high of $184.54. The company has a 50-day moving average of $166.65 and a two-hundred day moving average of $143.32. The stock has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 3.28 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Bank of America lowered their price objective on shares of D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Citigroup lifted their price objective on shares of D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada lifted their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the stock an “underperform” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of D.R. Horton in a report on Friday. Finally, Evercore ISI set a $169.00 target price on shares of D.R. Horton and gave the stock an “in-line” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, D.R. Horton currently has an average rating of “Hold” and a consensus target price of $156.54.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the completion of the sale, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $180.74, for a total transaction of $180,740.00. Following the sale, the director owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is owned by company insiders.

About D.R. Horton

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.