D.R. Horton, Inc. (NYSE:DHI) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its stake in shares of D.R. Horton, Inc. (NYSE:DHI) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,958 shares of the construction company’s stock after selling 1,279 shares during the period. First Hawaiian Bank’s holdings in D.R. Horton were worth $2,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clear Street Markets LLC purchased a new position in shares of D.R. Horton in the fourth quarter valued at $28,000. Fairfield Bush & CO. purchased a new position in shares of D.R. Horton in the first quarter valued at $28,000. WealthPLAN Partners LLC purchased a new position in shares of D.R. Horton in the first quarter valued at $31,000. Sugarloaf Wealth Management LLC purchased a new position in shares of D.R. Horton during the 1st quarter worth approximately $42,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of D.R. Horton during the 4th quarter worth approximately $46,000. 82.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DHI. JPMorgan Chase & Co. increased their target price on D.R. Horton from $122.00 to $146.00 and gave the company a “neutral” rating in a report on Friday, July 21st. Deutsche Bank Aktiengesellschaft initiated coverage on D.R. Horton in a research note on Wednesday, May 31st. They set a “buy” rating and a $150.00 price objective on the stock. JMP Securities boosted their target price on shares of D.R. Horton from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Bank of America raised their price target on shares of D.R. Horton from $122.00 to $130.00 in a research note on Wednesday, June 14th. Finally, Argus raised their price target on shares of D.R. Horton from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.19.

Insider Activity at D.R. Horton

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

D.R. Horton Stock Up 1.2 %

Shares of NYSE DHI opened at $115.20 on Friday. D.R. Horton, Inc. has a 52-week low of $66.01 and a 52-week high of $132.30. The firm has a fifty day moving average of $121.98 and a 200-day moving average of $111.40. The stock has a market capitalization of $38.97 billion, a PE ratio of 8.19, a P/E/G ratio of 0.46 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 6.97 and a debt-to-equity ratio of 0.28.

D.R. Horton (NYSE:DHI) last issued its earnings results on Thursday, July 20th. The construction company reported $3.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $1.08. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The business had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business earned $4.67 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that D.R. Horton, Inc. will post 13.27 EPS for the current year.

D.R. Horton Announces Dividend

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

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