Harbour Investments Inc. Reduces Position in D.R. Horton, Inc. $DHI

Harbour Investments Inc. lessened its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 52.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 223 shares of the construction company’s stock after selling 245 shares during the quarter. Harbour Investments Inc.’s holdings in D.R. Horton were worth $29,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DHI. Allspring Global Investments Holdings LLC boosted its stake in shares of D.R. Horton by 652.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,981,609 shares of the construction company’s stock valued at $252,477,000 after purchasing an additional 1,718,094 shares during the period. Pacer Advisors Inc. boosted its stake in shares of D.R. Horton by 4,630.6% during the first quarter. Pacer Advisors Inc. now owns 1,691,056 shares of the construction company’s stock valued at $214,984,000 after purchasing an additional 1,655,309 shares during the period. Amundi boosted its stake in shares of D.R. Horton by 60.2% during the first quarter. Amundi now owns 2,176,211 shares of the construction company’s stock valued at $266,811,000 after purchasing an additional 817,998 shares during the period. Nuveen LLC purchased a new stake in D.R. Horton in the first quarter worth $98,382,000. Finally, Vanguard Group Inc. lifted its stake in D.R. Horton by 1.9% in the first quarter. Vanguard Group Inc. now owns 33,664,013 shares of the construction company’s stock worth $4,279,706,000 after acquiring an additional 642,642 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Insiders Place Their Bets

In other D.R. Horton news, Director Michael R. Buchanan sold 1,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the transaction, the director owned 1,193 shares in the company, valued at approximately $215,622.82. This represents a 45.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the completion of the transaction, the senior vice president owned 6,457 shares of the company’s stock, valued at approximately $1,181,631. This trade represents a 17.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,376 shares of company stock worth $5,898,848. 0.54% of the stock is owned by corporate insiders.

D.R. Horton Price Performance

DHI opened at $158.14 on Friday. The stock has a fifty day simple moving average of $166.65 and a two-hundred day simple moving average of $142.97. The company has a current ratio of 7.06, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 3.29 and a beta of 1.40. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.46. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.10 earnings per share. Research analysts predict that D.R. Horton, Inc. will post 13.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup raised their price target on D.R. Horton from $162.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. UBS Group raised their price target on D.R. Horton from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price target 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. Bank of America dropped their price target 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. Finally, Evercore ISI set a $169.00 price target on D.R. Horton and gave the stock an “in-line” rating in a research note on Tuesday, October 7th. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat, D.R. Horton presently has an average rating of “Hold” and a consensus price target of $156.54.

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.