Transcend Capital Advisors LLC Sells 9,256 Shares of D.R. Horton, Inc. $DHI

Transcend Capital Advisors LLC lowered its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 53.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,091 shares of the construction company’s stock after selling 9,256 shares during the period. Transcend Capital Advisors LLC’s holdings in D.R. Horton were worth $1,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mutual Advisors LLC grew its position in shares of D.R. Horton by 4.8% in the 2nd quarter. Mutual Advisors LLC now owns 1,749 shares of the construction company’s stock valued at $225,000 after buying an additional 80 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of D.R. Horton by 1.5% in the 1st quarter. Horizon Investments LLC now owns 5,586 shares of the construction company’s stock valued at $708,000 after purchasing an additional 83 shares during the period. Franchise Capital Ltd lifted its stake in shares of D.R. Horton by 15.7% in the 2nd quarter. Franchise Capital Ltd now owns 626 shares of the construction company’s stock valued at $81,000 after purchasing an additional 85 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of D.R. Horton by 2.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,696 shares of the construction company’s stock valued at $470,000 after purchasing an additional 98 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of D.R. Horton by 5.3% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 2,000 shares of the construction company’s stock valued at $258,000 after purchasing an additional 100 shares during the period. Institutional investors own 90.63% of the company’s stock.

D.R. Horton Stock Up 0.5%

Shares of NYSE:DHI opened at $158.70 on Tuesday. The stock’s 50-day moving average price is $166.51 and its 200-day moving average price is $143.58. D.R. Horton, Inc. has a 12-month low of $110.44 and a 12-month high of $184.54. The stock has a market capitalization of $47.31 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 3.28 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.

Insider Buying and Selling

In related news, SVP Aron M. Odom sold 1,376 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $183.00, for a total value of $251,808.00. Following the sale, the senior vice president directly owned 6,457 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, Chairman David V. Auld sold 30,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $148,623,595.12. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,376 shares of company stock valued at $5,898,848 over the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DHI has been the topic of a number of research reports. Citigroup upped 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. Evercore ISI set a $169.00 target price on D.R. Horton and gave the company an “in-line” rating in a report on Tuesday, October 7th. Wedbush upped their target price on D.R. Horton from $155.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Wall Street Zen upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Bank of America dropped their target price on D.R. Horton from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, D.R. Horton has a consensus rating of “Hold” and a consensus target price of $156.54.

D.R. Horton 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.