Trading Report: The Smithfield Trust Co. decides to keep it stake in D.R. Horton Inc. (DHI) to the level of $344,000

The Smithfield Trust Co. decides to keep it stake in D.R. Horton Inc. (DHI) to the level of $344,000

Smithfield Trust Co. raised its position in D.R. Horton Inc. (NYSE:DHI) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 10,943 shares of the company’s stock after buying an additional 365 shares during the period. Smithfield Trust Co.’s holdings in D.R. Horton were worth $344,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Invictus RG raised its stake in shares of D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares during the last quarter. Creative Planning increased its stake in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in D.R. Horton during the second quarter worth $231,000. BKD Wealth Advisors LLC increased its stake in D.R. Horton by 2.3% in the second quarter. BKD Wealth Advisors LLC now owns 7,389 shares of the company’s stock worth $233,000 after buying an additional 167 shares in the last quarter. Finally, AXA increased its stake in D.R. Horton by 2,300.0% in the first quarter. AXA now owns 9,600 shares of the company’s stock worth $290,000 after buying an additional 9,200 shares in the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

D.R. Horton Inc. (NYSE:DHI) traded down 0.364% on Monday, hitting $28.775. 2,596,213 shares of the company were exchanged. The stock’s 50-day moving average price is $30.44 and its 200-day moving average price is $31.17. D.R. Horton Inc. has a 52-week low of $22.97 and a 52-week high of $34.56. The stock has a market capitalization of $10.71 billion, a P/E ratio of 12.795 and a beta of 1.30.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.66. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The company earned $3.15 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the company posted $0.60 earnings per share. D.R. Horton’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that D.R. Horton Inc. will post $2.38 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on DHI shares. Credit Suisse Group AG reaffirmed a “hold” rating on shares of D.R. Horton in a research report on Tuesday, June 28th. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, July 18th. RBC Capital Markets reissued an “outperform” rating and set a $38.00 price objective (up from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Bank of America Corp. downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Friday, July 22nd. Finally, Argus reissued a “buy” rating and set a $39.00 price objective on shares of D.R. Horton in a research report on Tuesday, July 26th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.17.

In other news, Director Barbara K. Allen sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total transaction of $113,155.35. Following the completion of the transaction, the director now directly owns 8,983 shares of the company’s stock, valued at approximately $304,972.85. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael W. Hewatt sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $159,350. The disclosure for this sale can be found here. Insiders own 7.17% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

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