Phoenix Financial Ltd. Purchases 16,116 Shares of D.R. Horton, Inc. $DHI

Phoenix Financial Ltd. boosted its position in shares of D.R. Horton, Inc. (NYSE:DHI) by 88.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,393 shares of the construction company’s stock after acquiring an additional 16,116 shares during the period. Phoenix Financial Ltd.’s holdings in D.R. Horton were worth $4,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Olde Wealth Management LLC purchased a new position in D.R. Horton during the 1st quarter worth $26,000. Bayforest Capital Ltd raised its stake in D.R. Horton by 340.4% in the first quarter. Bayforest Capital Ltd now owns 251 shares of the construction company’s stock valued at $32,000 after buying an additional 194 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in D.R. Horton in the first quarter worth about $34,000. Ransom Advisory Ltd purchased a new stake in shares of D.R. Horton during the first quarter worth about $51,000. Finally, Adirondack Trust Co. grew its stake in shares of D.R. Horton by 53.2% during the second quarter. Adirondack Trust Co. now owns 406 shares of the construction company’s stock worth $52,000 after acquiring an additional 141 shares during the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

D.R. Horton Stock Up 3.2%

D.R. Horton stock opened at $158.68 on Wednesday. The business’s 50-day moving average price is $167.06 and its 200 day moving average price is $142.30. The company has a quick ratio of 1.19, a current ratio of 7.06 and a debt-to-equity ratio of 0.29. The firm has a market cap of $47.31 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 3.19 and a beta of 1.40. D.R. Horton, Inc. has a 52 week low of $110.44 and a 52 week high of $184.54.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.46. The company had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $8.80 billion. D.R. Horton had a return on equity of 15.74% and a net margin of 11.46%.D.R. Horton’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. As a group, sell-side analysts anticipate that D.R. Horton, Inc. will post 13.04 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael R. Buchanan sold 1,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $180.74, for a total value of $180,740.00. Following the completion of the sale, the director owned 1,193 shares of the company’s stock, valued at approximately $215,622.82. The trade was a 45.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Aron M. Odom sold 1,376 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $183.00, for a total transaction of $251,808.00. Following the transaction, the senior vice president directly owned 6,457 shares in the company, valued at approximately $1,181,631. The trade was a 17.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,376 shares of company stock valued at $5,898,848. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DHI shares. Royal Bank Of Canada increased their price objective on shares of D.R. Horton from $105.00 to $117.00 and gave the company an “underperform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of D.R. Horton in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on D.R. Horton from $135.00 to $161.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Wall Street Zen raised D.R. Horton from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Wells Fargo & Company upped their target price on D.R. Horton from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.54.

D.R. Horton 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 118 markets across 33 states under the names of D.R.