Peterson Wealth Services Lowers Stake in D.R. Horton, Inc. $DHI

Peterson Wealth Services trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,043 shares of the construction company’s stock after selling 128 shares during the period. Peterson Wealth Services’ holdings in D.R. Horton were worth $134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DHI. Edgestream Partners L.P. boosted its holdings in shares of D.R. Horton by 1,710.0% during the 1st quarter. Edgestream Partners L.P. now owns 107,587 shares of the construction company’s stock worth $13,678,000 after purchasing an additional 101,643 shares during the last quarter. MQS Management LLC acquired a new position in D.R. Horton during the first quarter worth $1,132,000. Leavell Investment Management Inc. grew its holdings in D.R. Horton by 19.8% in the 1st quarter. Leavell Investment Management Inc. now owns 3,326 shares of the construction company’s stock valued at $423,000 after buying an additional 549 shares in the last quarter. Inspire Investing LLC increased its stake in shares of D.R. Horton by 787.0% in the 1st quarter. Inspire Investing LLC now owns 20,384 shares of the construction company’s stock worth $2,591,000 after acquiring an additional 18,086 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of D.R. Horton by 22.8% during the 1st quarter. Swedbank AB now owns 524,512 shares of the construction company’s stock worth $66,681,000 after acquiring an additional 97,467 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their price target on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Evercore ISI set a $169.00 price objective on shares of D.R. Horton and gave the stock an “in-line” rating in a research report on Tuesday, October 7th. UBS Group boosted their target price on D.R. Horton from $176.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of D.R. Horton in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, D.R. Horton presently has an average rating of “Hold” and a consensus target price of $156.54.

Insider Buying and Selling

In other news, Chairman David V. Auld sold 30,000 shares of the business’s stock in a transaction 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 transaction, the chairman directly owned 815,672 shares of the company’s stock, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael R. Buchanan sold 1,000 shares of D.R. Horton stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $180.74, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by insiders.

D.R. Horton Stock Down 0.3%

Shares of NYSE:DHI opened at $158.14 on Friday. D.R. Horton, Inc. has a 1-year low of $110.44 and a 1-year high of $184.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.06 and a quick ratio of 1.19. The stock has a market cap of $47.14 billion, a P/E ratio of 12.68, a P/E/G ratio of 3.29 and a beta of 1.40. The firm has a fifty day moving average price of $166.65 and a 200 day moving average price of $142.97.

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