The Stevens First Principles Investment Advisors Takes Position in D.R. Horton Inc. (DHI)

The Stevens First Principles Investment Advisors Takes Position in D.R. Horton Inc. (DHI)

Stevens First Principles Investment Advisors acquired a new stake in D.R. Horton Inc. (NYSE:DHI) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 25,685 shares of the company’s stock, valued at approximately $809,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of D.R. Horton by 5.3% in the first quarter. Geode Capital Management LLC now owns 2,746,802 shares of the company’s stock worth $82,871,000 after buying an additional 139,261 shares in the last quarter. Underhill Investment Management LLC purchased a new position in shares of D.R. Horton during the second quarter worth $10,588,000. Capstone Asset Management Co. boosted its position in shares of D.R. Horton by 8.9% in the second quarter. Capstone Asset Management Co. now owns 43,348 shares of the company’s stock worth $1,365,000 after buying an additional 3,552 shares in the last quarter. Boston Advisors LLC boosted its position in shares of D.R. Horton by 0.8% in the second quarter. Boston Advisors LLC now owns 570,483 shares of the company’s stock worth $17,959,000 after buying an additional 4,747 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of D.R. Horton by 94.9% in the first quarter. AMP Capital Investors Ltd now owns 285,387 shares of the company’s stock worth $8,610,000 after buying an additional 138,957 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of D.R. Horton Inc. (NYSE:DHI) traded down 1.65% during mid-day trading on Friday, reaching $29.78. The company’s stock had a trading volume of 1,564,984 shares. D.R. Horton Inc. has a 52-week low of $22.97 and a 52-week high of $34.56. The company has a market capitalization of $11.09 billion, a PE ratio of 13.24 and a beta of 1.30. The firm’s 50 day moving average is $30.98 and its 200-day moving average is $31.20.

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, hitting 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 analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts forecast that D.R. Horton Inc. will post $2.38 EPS for the current year.

A number of research analysts have recently weighed in on DHI shares. Wells Fargo & Co. started coverage on D.R. Horton in a research report on Wednesday, September 28th. They issued an “outperform” rating for the company. Wedbush started coverage on D.R. Horton in a research report on Monday, September 19th. They issued an “outperform” rating and a $36.00 price target for the company. Credit Suisse Group AG restated a “hold” rating on shares of D.R. Horton in a research report on Tuesday, July 12th. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and raised their price target for the company from $35.05 to $36.00 in a research report on Tuesday, September 13th. Finally, RBC Capital Markets restated an “outperform” rating and issued a $38.00 price target (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.60.

In other D.R. Horton news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $159,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara K. Allen sold 3,333 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total value of $113,155.35. Following the transaction, the director now owns 8,983 shares of the company’s stock, valued at approximately $304,972.85. The disclosure for this sale can be found here. Company 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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