Moody National Bank Trust Division Acquires New Position in D.R. Horton, Inc. (NYSE:DHI)

Moody National Bank Trust Division acquired a new stake in D.R. Horton, Inc. (NYSE:DHIGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,750 shares of the construction company’s stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DHI. Vanguard Group Inc. grew its holdings in shares of D.R. Horton by 1.1% during the first quarter. Vanguard Group Inc. now owns 35,902,967 shares of the construction company’s stock valued at $2,675,130,000 after purchasing an additional 406,429 shares during the last quarter. Capital World Investors grew its holdings in shares of D.R. Horton by 176.2% during the first quarter. Capital World Investors now owns 17,819,619 shares of the construction company’s stock valued at $1,327,740,000 after purchasing an additional 11,369,033 shares during the last quarter. State Street Corp grew its holdings in shares of D.R. Horton by 3.2% during the fourth quarter. State Street Corp now owns 15,458,390 shares of the construction company’s stock valued at $1,676,462,000 after purchasing an additional 477,354 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of D.R. Horton by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 6,013,934 shares of the construction company’s stock valued at $448,286,000 after purchasing an additional 142,659 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of D.R. Horton by 17.0% during the first quarter. Invesco Ltd. now owns 4,771,705 shares of the construction company’s stock valued at $355,538,000 after purchasing an additional 694,155 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DHI shares. Wells Fargo & Company lowered their target price on D.R. Horton from $86.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, June 17th. TheStreet upgraded D.R. Horton from a “c+” rating to a “b-” rating in a research report on Thursday, July 21st. BTIG Research reduced their price objective on D.R. Horton from $97.00 to $92.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. reduced their price objective on D.R. Horton from $82.50 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Finally, UBS Group reduced their price objective on D.R. Horton from $151.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.14.

Insider Buying and Selling

In related news, VP Aron M. Odom sold 5,000 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the transaction, the vice president now owns 3,024 shares of the company’s stock, valued at approximately $235,025.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Aron M. Odom sold 5,000 shares of D.R. Horton stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $77.72, for a total value of $388,600.00. Following the transaction, the vice president now owns 3,024 shares of the company’s stock, valued at approximately $235,025.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael W. Hewatt sold 4,000 shares of D.R. Horton stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $77.07, for a total value of $308,280.00. Following the completion of the transaction, the director now directly owns 1,067 shares in the company, valued at approximately $82,233.69. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

D.R. Horton Stock Performance

DHI opened at $73.09 on Tuesday. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 0.46 and a beta of 1.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.71 and a quick ratio of 0.84. D.R. Horton, Inc. has a 1-year low of $59.25 and a 1-year high of $110.45. The business has a 50 day moving average price of $74.35 and a two-hundred day moving average price of $73.33.

D.R. Horton (NYSE:DHIGet Rating) last released its earnings results on Thursday, July 21st. The construction company reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.18. D.R. Horton had a return on equity of 33.33% and a net margin of 17.42%. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.91 billion. During the same period in the prior year, the firm posted $3.06 earnings per share. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. Research analysts predict that D.R. Horton, Inc. will post 17.08 EPS for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 4th were given a $0.225 dividend. The ex-dividend date was Wednesday, August 3rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.23%. D.R. Horton’s dividend payout ratio (DPR) is 5.78%.

D.R. Horton Company Profile

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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 31 states and 98 markets under the names of D.R.

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Institutional Ownership by Quarter for D.R. Horton (NYSE:DHI)

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