Markel Corp Acquires 1,900 Shares of D. R. Horton Inc (NYSE:DHI)

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Markel Corp raised its holdings in shares of D. R. Horton Inc (NYSE:DHI) by 19.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,857 shares of the construction company’s stock after acquiring an additional 1,900 shares during the period. Markel Corp’s holdings in D. R. Horton were worth $512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc bought a new position in D. R. Horton during the first quarter valued at approximately $25,000. Front Row Advisors LLC grew its position in D. R. Horton by 873.5% during the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after acquiring an additional 725 shares during the last quarter. Parallel Advisors LLC grew its position in D. R. Horton by 64.5% during the first quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after acquiring an additional 354 shares during the last quarter. Cornerstone Advisors Inc. grew its position in D. R. Horton by 268.2% during the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after acquiring an additional 684 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in D. R. Horton during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.80% of the company’s stock.

In related news, Director Michael R. Buchanan sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the director now owns 32,076 shares of the company’s stock, valued at $1,481,269.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. Company insiders own 6.87% of the company’s stock.

DHI has been the topic of a number of recent research reports. Barclays increased their price target on shares of D. R. Horton from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. KeyCorp increased their price target on shares of D. R. Horton from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research report on Wednesday, July 31st. SunTrust Banks began coverage on shares of D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $45.66 to $37.30 in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $48.42.

Shares of D. R. Horton stock traded up $0.78 on Friday, hitting $47.75. The stock had a trading volume of 2,697,900 shares, compared to its average volume of 4,626,442. The company has a quick ratio of 0.94, a current ratio of 6.91 and a debt-to-equity ratio of 0.35. D. R. Horton Inc has a one year low of $32.39 and a one year high of $48.38. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.03 and a beta of 1.08. The stock’s 50-day simple moving average is $45.34 and its two-hundred day simple moving average is $43.28.

D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.20. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same quarter last year, the business earned $1.18 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts predict that D. R. Horton Inc will post 4.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, August 9th. D. R. Horton’s payout ratio is 14.67%.

D. R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

See Also: Average Daily Trade Volume – What It Means In Stock Trading

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

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