Park National Corp OH Sells 4,660 Shares of D.R. Horton, Inc. (NYSE:DHI)

Park National Corp OH trimmed its holdings in shares of D.R. Horton, Inc. (NYSE:DHI) by 2.5% in the second quarter, HoldingsChannel.com reports. The fund owned 181,601 shares of the construction company’s stock after selling 4,660 shares during the period. D.R. Horton makes up 1.0% of Park National Corp OH’s investment portfolio, making the stock its 29th largest position. Park National Corp OH’s holdings in D.R. Horton were worth $22,099,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in shares of D.R. Horton by 0.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the construction company’s stock worth $1,983,000 after purchasing an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in D.R. Horton by 0.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 13,083 shares of the construction company’s stock worth $1,278,000 after buying an additional 100 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of D.R. Horton by 26.3% in the first quarter. AdvisorNet Financial Inc now owns 490 shares of the construction company’s stock valued at $48,000 after buying an additional 102 shares during the period. DAVENPORT & Co LLC lifted its position in shares of D.R. Horton by 1.4% during the 1st quarter. DAVENPORT & Co LLC now owns 7,728 shares of the construction company’s stock valued at $755,000 after buying an additional 104 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of D.R. Horton by 1.2% during the 1st quarter. Signaturefd LLC now owns 8,848 shares of the construction company’s stock worth $864,000 after acquiring an additional 108 shares during the period. 82.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other D.R. Horton news, Director Michael R. Buchanan sold 1,639 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $127.03, for a total value of $208,202.17. Following the completion of the sale, the director now owns 470 shares in the company, valued at $59,704.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other D.R. Horton news, CFO Bill W. Wheat sold 32,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $117.81, for a total value of $3,769,920.00. Following the sale, the chief financial officer now owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael R. Buchanan sold 1,639 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $127.03, for a total transaction of $208,202.17. Following the completion of the transaction, the director now owns 470 shares in the company, valued at approximately $59,704.10. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on DHI. UBS Group upped their price objective on shares of D.R. Horton from $134.00 to $160.00 and gave the company a “buy” rating in a report on Friday, July 21st. Keefe, Bruyette & Woods raised their price objective on shares of D.R. Horton from $125.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. BTIG Research lifted their price objective on shares of D.R. Horton from $139.00 to $164.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Seaport Res Ptn restated a “buy” rating on shares of D.R. Horton in a research report on Wednesday, June 14th. Finally, Citigroup reduced their price target on D.R. Horton from $148.00 to $140.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.19.

D.R. Horton Stock Up 1.4 %

Shares of DHI opened at $115.49 on Thursday. D.R. Horton, Inc. has a 1 year low of $66.01 and a 1 year high of $132.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.97 and a quick ratio of 1.41. The stock has a 50 day simple moving average of $121.97 and a two-hundred day simple moving average of $111.38. The firm has a market cap of $39.07 billion, a P/E ratio of 8.10, a P/E/G ratio of 0.48 and a beta of 1.55.

D.R. Horton (NYSE:DHI) last released its earnings results on Thursday, July 20th. The construction company reported $3.90 EPS for the quarter, beating the consensus estimate of $2.82 by $1.08. The company had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.27 billion. D.R. Horton had a net margin of 14.07% and a return on equity of 23.31%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.67 EPS. On average, analysts forecast that D.R. Horton, Inc. will post 13.27 earnings per share for the current fiscal year.

D.R. Horton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, August 4th. D.R. Horton’s dividend payout ratio is presently 7.11%.

About D.R. Horton

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 106 markets across 33 states under the names of D.R.