Beese Fulmer Investment Management Inc. Trims Stock Holdings in D.R. Horton, Inc. (NYSE:DHI)

Beese Fulmer Investment Management Inc. lowered its holdings in D.R. Horton, Inc. (NYSE:DHI) by 9.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,470 shares of the construction company’s stock after selling 5,405 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in D.R. Horton were worth $6,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in D.R. Horton by 168.1% during the 1st quarter. Bank of America Corp DE now owns 10,978,102 shares of the construction company’s stock worth $1,072,451,000 after buying an additional 6,883,719 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in D.R. Horton by 422.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,449,116 shares of the construction company’s stock worth $97,757,000 after buying an additional 4,405,535 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in D.R. Horton by 101,707.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,368,566 shares of the construction company’s stock worth $389,414,000 after buying an additional 4,364,275 shares during the last quarter. Norges Bank bought a new position in D.R. Horton during the 4th quarter worth approximately $247,001,000. Finally, FMR LLC lifted its holdings in D.R. Horton by 25.5% during the 1st quarter. FMR LLC now owns 5,317,156 shares of the construction company’s stock worth $519,433,000 after buying an additional 1,079,817 shares during the last quarter. Hedge funds and other institutional investors own 82.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DHI shares. Seaport Res Ptn reiterated a “buy” rating on shares of D.R. Horton in a research report on Wednesday, June 14th. JMP Securities increased their price target on D.R. Horton from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Barclays increased their price target on D.R. Horton from $138.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. Citigroup dropped their price target on D.R. Horton from $148.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, September 11th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $120.00 price target on shares of D.R. Horton in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.19.

D.R. Horton Price Performance

Shares of DHI stock traded down $2.83 during mid-day trading on Friday, hitting $112.37. 5,875,279 shares of the stock traded hands, compared to its average volume of 2,966,945. D.R. Horton, Inc. has a twelve month low of $66.01 and a twelve month high of $132.30. The firm has a market cap of $38.01 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.55. The company’s 50-day simple moving average is $121.92 and its 200-day simple moving average is $111.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.41 and a current ratio of 6.97.

D.R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, July 20th. The construction company reported $3.90 earnings per share for the quarter, topping the consensus estimate of $2.82 by $1.08. The business had revenue of $9.73 billion during the quarter, compared to analyst estimates of $8.27 billion. D.R. Horton had a return on equity of 23.31% and a net margin of 14.07%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $4.67 EPS. As a group, equities research analysts expect that D.R. Horton, Inc. will post 13.27 earnings per share for the current year.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, August 4th. D.R. Horton’s dividend payout ratio is presently 7.11%.

Insider Transactions at D.R. Horton

In other news, CFO Bill W. Wheat sold 32,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael R. Buchanan sold 1,639 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $59,704.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Bill W. Wheat sold 32,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $117.81, for a total value of $3,769,920.00. Following the completion of the sale, the chief financial officer now directly owns 219,115 shares of the company’s stock, valued at approximately $25,813,938.15. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.